Ethereum revenue dropped 44% in August amid ETH all-time high

Ethereum revenue, the stock of web fees that accrue to Ether (ETH) holders arsenic a effect of token burns, dropped by astir 44% successful August, adjacent amid all-time precocious ETH prices.

Revenue for August totaled implicit $14.1 million, down from July’s $25.6 million, according to Token Terminal. The driblet occurred amid ETH rallying by 240% since April and ETH hitting an all-time precocious of $4,957 connected August 24.

Network fees besides dropped by astir 20% month-over-month, falling from astir $49.6 cardinal successful July to astir $39.7 cardinal successful August.

Ethereum monthly gross figures. Source: Token Terminal

Monthly Ethereum web fees fell by an bid of magnitude pursuing the Dencun upgrade successful March 2024, which importantly lowered transaction fees for layer-2 scaling networks utilizing Ethereum arsenic a basal furniture to station transactions.

The network’s dwindling fees and revenues person sparked debate astir the viability of Ethereum, with critics saying that the layer-1 astute declaration level has unsustainable fundamentals and proponents arguing that it is the backbone of the aboriginal fiscal system.

ETH prices deed all-time highs successful August 2025. Source: CoinMarketCap

Related: Ether ETFs station consecutive week of outflows amid flimsy terms dip

Ethereum courts organization involvement successful 2025

The Ethereum web has had an eventful 2025, arsenic the assemblage pitches the blockchain level to Wall Street firms and ETH nationalist treasury companies emerge, driving up ETH prices to all-time highs. 

Etherealize, an advocacy and nationalist relations steadfast that markets the Ethereum web to publically traded companies, announced that it completed a $40 cardinal superior raise successful September.

Matt Hougan, the main concern serviceman (CIO) astatine concern steadfast Bitwise, told Cointelegraph that organization and accepted fiscal investors are drawn to Ether’s yield-bearing features.

“If you instrumentality $1 cardinal of ETH and you enactment it into a institution and you involvement it, each of a sudden, you're generating earnings. And investors are truly utilized to companies that make earnings,” Hougan said.

These firms are exploring staking Ethereum — locking up their ETH tokens to unafraid the web —  earning a output for providing validation services to the layer-1 blockchain astute declaration platform.

Magazine: How Ethereum treasury companies could spark ‘DeFi Summer 2.0’