Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»Average staker profits on Ethereum plummet due to reduced network activity
ETHEREUM NEWS

Average staker profits on Ethereum plummet due to reduced network activity

By Crypto FlexsSeptember 18, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Average staker profits on Ethereum plummet due to reduced network activity
Share
Facebook Twitter LinkedIn Pinterest Email

that Ethereum NetworkBlockchain Network, one of the leading blockchain solutions, has once again taken a hit over the past few days with the average staker profit dropping sharply. This indicates a decrease in interest and engagement from users or stakers.

Ethereum Stakers Face Declining Profits

On the negative side, the average yield on Ethereum staking has fallen sharply, hitting new lows as network activity has slowed significantly. EthereumParticipants in the proof-of-stake mechanism have seen their rewards decrease as demand on the network has decreased and transactions have decreased, which has had a significant impact on staking returns.

Kyle Doops, a well-known market expert and host of the Crypto Banter show share Negative developments on the X (formerly Twitter) platform. Staking yields have declined due to a combination of factors, including a decrease in trading volume, which coincides with a larger market decline.

According to experts, the average staker profit for Ethereum over the past seven days has plummeted to its lowest level in six months. Specifically, the profit on September 12 was recorded at around $5.44 million.

He pointed it out Transaction Fee It also experienced a downturn due to reduced network activity, which had a serious impact on staker earnings. Furthermore, transaction volumes and on-chain activity plummeted, falling sharply from their March peak and reflecting February 2024 levels.

Ethereum’s 7-day average staker profits fall to 6-month low | Source: Kyle Doops on X

The average staker profit is one of several things. Metric It has fallen significantly over the past few days. Ethereum’s futures market funding rate has also fallen to new lows.

Kyle Doofs Exposed The futures market is currently reaching the funding rate floor in 2024, indicating a continued bearish trend. As funding rates plunge to new levels, traders appear to be particularly cautious, indicating a widening gap between longs and shorts in the market.

Buying interest appears to be waning as the 50-day average funding ratio continues to trend downward. Permanent gift Alternatively, if demand surges in the spot market, Kyle Doops is confident that the ETH price will remain low.

Does the recent movement suggest that ETH is headed for an uptrend?

Despite these negative developments, the price of Ethereum is slowly rising, as revealed by CoinMarketCap. At the time of writing, Ethereum It is at $2,326, which is up about 0.61% in the last 24 hours. However, this price level was recovered after ETH encountered strong resistance at the $2,388 level yesterday, which led to a drop in the price to $2,300.

While ETH has been gradually increasing over the past day, the weekly and monthly timeframes show the cryptocurrency asset dropping by more than 0.50% and 11.14% respectively. ETH’s market cap and trading volume have increased by 0.60% and 14% in the past year, indicating that investors are betting on the new momentum of the digital asset.

Ethereum
ETH is trading at $2,321 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Unsplash, charts from Tradingview.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum Dev Zack Cole starts an initiative for the ‘Tokenless’ project.

July 2, 2025

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025
Add A Comment

Comments are closed.

Recent Posts

XRP rebounds are interested in APT miners cloud mining.

July 3, 2025

The market will select US regulatory stable coins more than CBDCS every day of CBDCS every day.

July 3, 2025

Best Crypto PR Agency Packages : What to Look For & Where to Start

July 3, 2025

Looking for an Affordable Crypto PR Agency? Here’s What to Know Before You Spend

July 3, 2025

Crypto PR Packages for Startups: What You Need & How to Choose the Right One

July 3, 2025

Cheap Crypto Press Release: How to Promote Your Project Without Overpaying

July 2, 2025

The Ultimate Guide to Crypto Public Relations Packages

July 2, 2025

Submit Your Website to Crypto Directories and Boost Your Visibility Instantly

July 2, 2025

Cardano (ADA) -It is not damaged, but there is no fireworks that can be moved yet.

July 2, 2025

Verifiable OffChain Compute Framework Powering AI Applications

July 2, 2025

How to Start a Crypto Press Release Side Hustle and Keep 100% Profit (Step-by-Step Guide)

July 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

XRP rebounds are interested in APT miners cloud mining.

July 3, 2025

The market will select US regulatory stable coins more than CBDCS every day of CBDCS every day.

July 3, 2025

Best Crypto PR Agency Packages : What to Look For & Where to Start

July 3, 2025
Most Popular

Bitcoin-like mining protocol Ore halts Solana mining due to network congestion

April 17, 2024

Bitcoin price hit a new low in June and open interest remained above $35 billion.

June 11, 2024

Is it possible to get a simpler number slot than 4?

August 9, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.