Ethereum’s 7-day moving average of daily staker revenue drops to lowest level since mid-February
According to The Block report, the 7-day moving average (7DMA) of Ethereum's daily staking revenue has recently dropped to $5.44 million, the lowest level since mid-February. The decline in this indicator suggests that stakers are earning less from participating in the network, which may be influenced by factors such as reduced network activity, leading to a decrease in transaction fees paid.
Ethereum staking revenue refers to the rewards and earnings received by participants in the Ethereum Proof-of-Stake (PoS) consensus mechanism for verifying transactions and protecting the network. This revenue is typically generated through block rewards and transaction fees, which are distributed proportionally based on the amount of ETH they have staked.
Additionally, the 7DMA of Ethereum network transaction count is approaching the level seen in February 2024, with only 1.15 million transactions on Friday, September 13th, a decline of around 13% from the annual high reached in March. Meanwhile, the 7DMA of Ethereum on-chain transaction volume has been hovering around the February level, at only $2.83 billion, a decline of around 60% from the annual high in March and a 56% decrease from over a month ago.
