Bitcoin miners’ income dropped to approximately $1.4 billion in January 2025, marking a 2.8% decrease compared to the previous month.
Bitcoin miners’ income dropped to approximately $1.4 billion in January 2025, marking a 2.8% decrease compared to the previous month, according to data shared by The Block researcher Lars.
| Key Takeaways: – Bitcoin miners’ income fell by 2.8% to $1.4 billion in January 2025, while Ethereum stakers saw a 9.7% drop to $309 million. – In January, 33,906 ETH were destroyed on Ethereum, worth $113.2 million, with $39.38 million coming from on-chain fees. |
The Bitcoin mining industry continues to navigate economic challenges, with fees accounting for just $20.37 million of the $1.4 billion in January. The lack of transfer activity on the network that Bitcoin miners have recently experienced could be the cause of the decreased fee income.
Ethereum stakers also saw a decline, with their income falling by 9.7% to about $309 million. In addition, 33,906 ETH were destroyed on the Ethereum network in January, valued at roughly $113.2 million. Of the total Ethereum fees, around $39.38 million was derived from on-chain transactions.
Since the introduction of Ethereum’s EIP-1559 upgrade in August 2021, approximately 4.56 million ETH have been burned, translating to $12.9 billion in value. On the Ethereum network, the NFT market experienced a 41.3% drop in transaction volume, which fell to $519.2 million.
Meanwhile, stablecoin transactions saw a decline of 6.3%, amounting to $1.32 trillion. Despite this, the issuance of stablecoins grew by 3.1%, totalling $175.2 billion, with USDT maintaining 78% of the market share and USDC accounting for 19.6%.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
