According to ChainCatcher, according to Token Terminal data, ETH Layer1 revenue has dropped sharply by 99% since March 2024. On March 5, network revenue peaked at more than 35 million US dollars. On September 2, daily revenue fell to about 200,000 US dollars, the lowest point of the year.
Bitcoin investor Fred Krueger pointed out that Ethereum's current daily fee income of $200,000, equivalent to $73 million per year, is far from enough to maintain its $300 billion market value.
