Ethereum staker revenue down 30% from peak due to slowing on-chain activity

An analysis has revealed that staker revenues on the Layer 1 blockchain Ethereum have been declining recently.
According to data from The Block, Ethereum staker revenue has fallen 30% since its peak in March as on-chain activity has slowed.
Last month, Ethereum staker revenue was about $174 million, down significantly from the $247 million recorded in March.
Staker revenue has continued to trend downward since March, reflecting a decline in on-chain activity and overall market interest, the report explained.