Ethereum Revenue Plummets 99% after Dencun Upgrade

Ethereum’s revenue has dropped sharply over the past several months as competition from Layer-2 (L2) scaling solutions has increased. The March Dencun Upgrade was a crucial development for the Ethereum blockchain, particularly in reducing transaction fees. However, this upgrade came at a cost. Ethereum Revenue Sinks Amid Layer-2 Boom Ethereum’s revenue has plunged by 99% since... source: https://beincrypto.com/ethereum-revenue-plummets-after-dencun/