The 7-day moving average (7DMA) for daily staker revenue on Ethereum 
ETH -3.68% fell to $5.44 million on Thursday, Sept. 12. This represents a six-month low for this metric, recording its lowest figures since the middle of February.
Staker revenue on Ethereum refers to the rewards and earnings that participants in Ethereum's proof-of-stake (PoS) consensus mechanism receive to validate transactions and secure the network. This revenue is typically generated through block rewards and transaction fees, which are distributed among stakers proportionally based on the amount of ETH they have staked.
This metric falling means stakers are earning less from their participation in the network, which could be influenced by factors such as lower network activity, leading to fewer transaction fees being paid.
This is further backed by the 7DMA of the number of transactions on the Ethereum network being close to February 2024 levels as well, with just 1.15 million transactions on Friday, Sept. 13. This is down around 13% from its yearly high in March. Meanwhile, the 7DMA of Ethereum’s on-chain volume has also been hovering around February’s levels as well, with just $2.83 billion, down about 60% from its yearly highs in March and roughly 56% from just over a month ago.
This is an excerpt from The Block's Data & Insights newsletter. Dig into the numbers making up the industry's most thought-provoking trends.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
