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The 7-day moving average of daily income for Ethereum stakers has dropped to its lowest point since mid-February

The 7-day moving average of daily income for Ethereum stakers has dropped to its lowest point since mid-February

Bitget2024/09/17 02:42

Recently, the 7-day moving average (7DMA) of daily income for Ethereum stakers has dropped to $5.44 million, hitting its lowest level since mid-February. This decline in the indicator means that the rewards earned by stakers from participating in the network have decreased, possibly due to factors such as a reduction in network activity leading to lower transaction fees paid.

Ethereum staker income refers to the rewards and earnings obtained by participants of Ethereum's Proof-of-Stake (PoS) consensus mechanism for verifying transactions and protecting the network. This income is typically generated through block rewards and transaction fees, distributed proportionally according to the amount of ETH they stake.

In addition, the 7DMA of Ethereum network transactions is also close to February 2024 levels with only 1.15 million transactions on Friday, September 13th - a drop of about 13% from its annual high set in March. At the same time, The 7DMA of on-chain transaction volume on Ethereum has been hovering around February levels at just $28.3 billion - down approximately 60% from its annual high point in March and down about 56% compared with over a month ago.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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