Ethereum daily staker income 7-day moving average drops to the lowest point since mid-February

ChainCatcher news, according to The Block, recently, the 7-day moving average (7DMA) of daily staking income for Ethereum has dropped to $5.44 million, marking the lowest level since mid-February. The decline in this metric indicates that stakers are receiving less income from participating in the network, which may be influenced by factors such as reduced network activity, leading to lower transaction fees paid.

Ethereum staking income refers to the rewards and earnings received by participants in the Ethereum proof-of-stake (PoS) consensus mechanism for validating transactions and securing the network. This income is typically generated through block rewards and transaction fees, distributed proportionally based on the amount of ETH staked.

Additionally, the 7DMA of Ethereum network transaction counts is also approaching levels seen in February 2024, with only 1.15 million transactions on Friday, September 13, a decrease of about 13% from the annual high reached in March. Meanwhile, the 7DMA of on-chain transaction volume for Ethereum has also been hovering around February levels, at just $2.83 billion, which is approximately a 60% decline from the annual high in March and about a 56% drop from just over a month ago.