Ethereum (ETH) Miners To Earn Record $110M Amid ETH Crash

Ethereum gas fees spiked unusually high during this week’s crypto bloodbath as numerous DeFi users rushed to protect their collateral. Many others suffered from liquidations.

Ethereum miners recorded earnings of around 44,252 ETH in the fallout from this week’s market-wide crash. The total earnings, worth around $110 million at Wednesday’s prices, is the largest daily amount collected in USD terms.

Previously, Ethereum miners made over 50,000 ETH on two separate days in Sep. 2020, led by SUSHI and UNI’s token launches. However, the price of ETH was significantly lower at the time.

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