- Last Thursday, the Ethereum daily staker revenue 7DMA dropped to $5.44 million, the lowest levels since mid-February.
On Thursday, September 12, the daily staker revenue 7-day moving average (7DMA) for Ethereum dropped to $5.44 million. This indicator has not seen lower numbers since the middle of February, and it is at a six-month low.
The incentives and profits that users of Ethereum’s proof-of-stake (PoS) consensus mechanism receive in exchange for validating transactions and securing the network are referred to as stake income.
Block rewards and transaction fees, which are allocated to stakers in accordance to the quantity of ETH they own, are normally the sources of this income.
Stakeholders are losing money from their involvement in the network as a result of this measure declining, which might be caused by things like less network activity that results in a decrease in transaction fees.
This is supported even further by the 7DMA, which shows that as of Friday, September 13, there were only 1.15 million transactions on the Ethereum network—almost exactly what it was in February 2024.
This represents a 13% decrease from the March annual high. With around $2.83 billion, the 7DMA of Ethereum’s on-chain volume has similarly been circling around February’s levels. This is in contrast to its March annual highs, which were down about 60%, and its recent spike of just over 56%.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
