Miners producing Ethereum (ETH) earned approximately $ 1 billion 990 million in revenue throughout November 2021, surpassing Bitcoin (BTC) miners, which generated $ 1 billion 690 million, for the seventh month in a row.
According to data compiled by The Block, the revenue of Ethereum miners increased by 11.8% compared to the previous month, while the monthly revenue of Bitcoin miners decreased by 2%.
In line with EIP-1559, throughout the month 361 thousand 850 ETH was burned. EIP-1559, which was implemented in August with the London update, has so far burned more than 1 million 136 thousand ETH in total.
Bitcoin during the month of November on the blockchain The value of the transactions made in dollars is 593 billion dollars, Ethereum those on the blockchain valued at $311 billion.
The total value of transactions made on centralized cryptocurrency exchanges reached 1 trillion 400 billion dollars, an increase of 8.3% compared to the previous month. Within this market, Binance has 66.4%, Coinbase 12.3%, FTX and Kraken have a 6.6% and 3.2% share, respectively.