Ethereum Staker Daily Revenue Hits New Low

According to The Block, the 7-day moving average (7DMA) of Ethereum staker daily revenue has dropped to $5.44 million, marking the lowest level since mid-February. This decline in the metric indicates that stakers are earning less from their participation in the network. This could be attributed to factors like reduced network activity, leading to lower transaction fees.

Ethereum staker revenue refers to the rewards and income earned by participants in the Ethereum Proof-of-Stake (PoS) consensus mechanism for validating transactions and securing the network. This revenue typically originates from block rewards and transaction fees, proportionally distributed based on the amount of ETH staked.

Additionally, the 7DMA of Ethereum network transactions has also reached levels similar to those seen in February 2024. On Friday, September 13th, there were only 1.15 million transactions, a decline of approximately 13% from the annual high reached in March.

Simultaneously, the 7DMA of on-chain Ethereum transaction volume has been hovering near February levels, standing at $28.3 billion. This represents a drop of roughly 60% compared to the yearly high in March and a decrease of approximately 56% from levels seen just over a month ago.