Analysis: Ethereum miner profit exchange rates have fallen more than 85% in the past three weeks.

According to Decryption, the average price of the Ethereum (ETH) exchange peaked last month, rising nearly $ 12, causing serious pain for traders and other ETH users, according to Decrypt. As a result, the prices of the miners employed by Ethereum skyrocketed, and foreign exchange revenue reached $ 166 million in September alone. But now everything is starting to return to normal. According to data from Glassnode, the total forex income of Ethereum miners fell to 5,898 ETH yesterday, from a high of 42,763 ETH on September 17th. This equates to an 86.2% loss in three weeks. As a result, the average price of an exchange fell from $ 11.62 on September 17 to $ 2.1 yesterday. This reduces the cost of using the Ethereum blockchain. It's not just exchange rates that have come down in recent weeks. The number of shares traded on Ethereum also fell to 935,000 yesterday, down 29.2% from a high of 1.32 million on September 17. The overall volume of the stock market fell further. It fell 74%, from 6.5 million ETH on September 17 to 1.7 million ETH yesterday. The price increase from June to September was due to the rapid expansion of interest in the DeFi market.