Prank-themed cryptocurrency PEPEAfter being listed on major stock exchanges, it witnessed an astronomical rise.
According to the data of the Gate.io exchange, mem coin has gained approximately 650% in value recently, excluding the first minutes of its listing.
Even though lucky investors got big returns from the prank-themed cryptocurrency, the bullish situation also worked for ETH validators. your PEPE coin Ethereum validators earned significant passive income from increased network activity.
Staking Revenues Increased!
ETH A website called mevboost, which tracks gas fees and revenues on its network, PEPE’s weekend Binance revealed that there was a significant increase in verification revenues following its listing on the stock exchange.
The revenue generated by MEV-Boost validators on May 6, 2023 was recorded as 3,006 Ethereum (approximately $5.6 million). This figure means that the amount that validators earned has converged again with what it was before the FTX crash in November 2022.
Ethereum researcher Toni Wahrstätter commented on the increase in revenue:
“Users willing to pay more on cryptocurrency networks are the main reason for the increase in revenues of stakers performing verification transactions.”
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