Ethereum & Bitcoin Network Revenues Show Sharp Decline
Insights reveal that 2025 revenues for Ethereum and Bitcoin networks are far below their 2021 highs.
Ethereum’s base-layer fee income has decreased significantly as Layer-2 solutions capture more activity, reducing direct revenue on the mainnet. Bitcoin mining revenue is also lower, reflecting halving effects, reduced fees, and softer network activity.
This trend underscores a shift in network dynamics: decentralized activity is expanding, but revenue is more distributed, signaling maturation rather than hype-driven growth.
The key takeaway: investors and developers should focus on long-term network adoption and infrastructure efficiency, not just historical revenue peaks.
