#Bitcoin miners are currently earning $1,000,000 per hour.
This is an increase of 185% since the halving.
The last time miner revenue was this high, was in July 2019. Note that block rewards were twice as high than today.
Chart 👉 studio.glassnode.com/metrics?a=BTC&
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#Bitcoin Miners have earned an all-time revenue of $51.5B, for an estimated production cost of $37.6B. This results in an estimated net profit of $13.9B, a profit margin of 37%.
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The relative supply dominance of #USDT continues to ascend, residing at a current value of 67.6%, the largest relative dominance since May 2021.
🟢 USDT Dominance: 67.6%
🔵 USDC Dominance: 23%
🟡 BUSD Dominance: 3.8%
🔴 DAI Dominance: 3.8%
⚫ TUSD Dominance: 1.7%
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On-Chain settlement remains quiet as the aggregate transfer volume continues to trade at cyclical lows.
This week did not see any appreciable uptick in overall transfer volume, remaining at around $2.85B/day.
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