**Ethereum staker income hits new low, network activity weakens**

Recently, the 7-day moving average (7DMA) of Ethereum daily staker income fell to $5.44 million, the lowest level since mid-February. The decline in this indicator means that stakers are earning less from participating in the network, possibly due to reduced network activity, resulting in fewer transaction fees paid.

Ethereum staker income is generated through block rewards and transaction fees, which are distributed proportionally based on the amount of ETH staked. However, the recent 7DMA of Ethereum network transactions is also close to the level of February 2024, with only 1.15 million transactions on September 13, down about 13% from the March high.

In addition, the 7DMA of Ethereum on-chain transaction volume is also near the February level, at only $2.83 billion, down about 60% from the March high.