Ethereum (ETH) reached a historical price high in August, with ETH touching $4,957 on August 24, accumulating a 240% rise since April. However, in stark contrast to the price surge, its network revenue has significantly declined—according to Token Terminal data, August revenue was only $14.1 million, a big dump of 44% compared to July's $25.6 million, sparking intense discussions in the market about the sustainability of Ethereum's profit model.

ETH-1.43%
TOKEN-1.59%
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