Ethereum Staker Daily Revenue Plummets to Lowest Point Since Mid-February

Recent data shows that the 7-day moving average (7DMA) of daily Ethereum staker revenue has dropped to $5.44 million, reaching its lowest point since mid-February. This decline signifies that stakers are receiving less income from participating in the network, potentially due to factors such as reduced network activity leading to fewer transaction fees.

Ethereum staker revenue represents the rewards and earnings acquired by participants in the Ethereum Proof-of-Stake (PoS) consensus mechanism for validating transactions and securing the network. This income is typically generated through block rewards and transaction fees, distributed proportionally based on the amount of ETH staked.

Furthermore, the 7DMA of Ethereum network transaction count has also fallen to levels last seen in February 2024. On Friday, September 13th, only 1.15 million transactions were recorded, marking a decline of roughly 13% from the annual high reached in March.

Concurrently, the 7DMA of Ethereum on-chain transaction volume has also been hovering around February levels, registering at $2.83 billion. This represents a drop of approximately 60% compared to the annual high in March and a decline of about 56% from just over a month ago. (The Block)