Ethereum’s Revenue Plunge Sparks Debate: Is Deflation the New Measure of Success?
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最新报道：Matrixport deposited 10,000 ETH to a CEX, with 4,272 ETH remaining, amid Ethereum's structural shifts. Despite a 73% price rise since Q3 2025, network revenue fell 75% YoY to $39.2 million in August, largely due to the Dencun upgrade redirecting fees to L2s. Revenue plummeted 99.7% from March to September, sparking debate on valuation metrics. EIP-1559 and staking growth support deflationary trends, with 29% of ETH supply staked yielding 4-6% annually. Institutional inflows exceeded $120 billion into ETH ETFs in 2025.
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