Ethereum Faces Revenue Crisis: 99% Drop in L1 Fees Sparks Concerns

TL;DR Ethereum is facing a revenue crisis due to a 99% drop in Layer 1 transaction fees, affecting validator returns. The reduction in fees has led to an 11% decrease in Ethereum staking income over the past month, with the current return at just 2.05%. Validators have turned to Maximum Extractable Value (MEV) to increase ... source: https://crypto-economy.com/ethereum-faces-revenue-crisis-99-drop-in-l1-fees-sparks-concerns/