Ethereum’s Average Staker Revenue Drops Sharply As Network Activity Declines

Quick Summary:

The Ethereum network, one of the leading blockchain solutions has once again taken a hit as the network’s average staker revenue over the past few days has witnessed a sharp decline, indicating a decrease in users’ or stakers’ interest and engagement.

Furthermore, the transaction volume and on-chain activity plummeted, falling precipitously from March peaks and reflecting February 2024 levels.

Ethereum‘s proof-of-stake mechanism participants have seen lower rewards as a result of decreased demand and fewer transactions on the network, which has significantly impacted staking returns.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: Hungary

Topics: ETH Kyle Doops Crypto Banter Show Ethereum Coinmarketcap ETHUSDT Ethereum's Average Stakers Revenue Ethereum futures Ethusd Ethereum network

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-18 @ 16:00:36 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 461 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22579435

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Main Topics: Crypto

Official Website: bitcoinist.com

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Year Established: 2014

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News Last Updated: 9 hours ago

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