The post Messari Researcher Warns Ethereum May Be Weakening as Network Revenue Falls Despite Strong Q3 Rally appeared on BitcoinEthereumNews.com.

Ethereum revenue collapse describes a sharp drop in on-chain fees and protocol revenue despite a strong price rally; August recorded $39.2M in network revenue, down 75% year‑over‑year and raising questions about user demand and sustainable network monetization. Ethereum revenue fell to $39.2M in August — the lowest since January 2021. ETH price is up strongly in Q3, but on‑chain revenue and fee income have not followed. Analysts debate metrics: active addresses and throughput trend up, but revenue decline points to weaker user monetization. Ethereum revenue collapse: August $39.2M shows on-chain activity lagging price gains. Read COINOTAG analysis for clear insight and next-step guidance. What is causing Ethereum’s revenue collapse? Ethereum revenue collapse refers to the sustained drop in network fee and protocol revenue, driven by lower fee extraction per transaction and shifting user activity. August revenue hit $39.2M, a 75% decline from August 2023 and 30% below August 2024, signaling reduced on‑chain monetization despite higher ETH prices. How does the ETH price rally coexist with falling network revenue? Price gains in ETH do not automatically translate to higher network revenue. The recent Q3 rally (ETH up ~73% this quarter) reflects market sentiment and capital flows, while revenue depends on fees, transaction composition, and user behavior. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Key factors reducing revenue include lower median gas fees, scaling to Layer‑2s that shift fees off…

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Filed under: News - @ September 7, 2025 8:29 am