April was a historic month for Ethereum. After accumulating an appreciation of more than 50% in the last 30 days, the main altcoin of the market reached the historical price record of $ 2,800 this Friday (30).
In the quotation in reais, the value of the cryptocurrency increased from R $ 15,150. In addition, price projections are optimistic, with analysts believing ETH will reach $ 10,000.
However, it was not just the price of Ethereum that broke a new record in April. Cryptocurrency miners generated more than $ 1.5 billion in revenue during the fourth month of the year, according to data collected by The Block.
Ethereum mining breaks record
As The Block learns, monthly data up to April 30 shows that Ethereum mining generated more than $ 1.59 billion.
It is worth mentioning that at the end of the day, when the month is actually finished, that number will be higher. The new record surpasses the previous high of US $ 1.38 billion, registered in March this year, by approximately 15%.
Also according to data from The Block, of the US $ 1.59 billion generated by mining, US $ 702 million was in the form of transaction fees – funds paid to carry out transactions on the Ethereum network.
Ether mining revenue is on the rise this year. In December 2020, the revenue generated was just over $ 371 million. Since then, the value has only grown, rising more than 320% in the first quarter of 2021.
You can see the growth in the chart below:
Number of transactions also hit a record
In addition to the record price and mining revenue, Ethereum hit another major milestone in April.
The network data indicates that the number of transactions on the Ethereum network exceeded 40 million for the first time in a period of one month.
The previous record for the number of transactions had also been set in March, with 39.24 million transactions.
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