Ethereum Staker Revenue Drops 30% Amid Market Slump, But Validator Numbers Hit New High

Ethereum’s staker revenue has taken a sharp dive, plunging 30% since March to reach just $174 million in September, mirroring the broader downturn in the crypto market and reduced on-chain activity.

Despite this drop in revenue, the number of Ethereum validators has surged to an impressive 1.09 million, reflecting strong confidence in the network’s long-term potential and its steadily deflationary tokenomics.

In a noteworthy development, Ethereum whales made substantial moves, buying up $4.5 billion worth of ETH today. This influx suggests that large investors are still backing the asset, even in the face of decreasing staking rewards.

Surging Significant Data On Ethereum 

On the technical side, Ethereum saw a significant data surge yesterday, with 2.05 GB of data flowing into Ethereum blobs—the third-highest single-day total on record. While the sheer number of blobs was less remarkable, ranking 18th overall, what stands out is how full they were.

A staggering 90% of the blobs were over 80% full, a level not seen since May, when fewer Layer 2 (L2) solutions were contributing data to the network. This highlights the growing data demand and capacity usage within the Ethereum ecosystem.

Additionally, Ethereum spot ETFs are gaining traction, with a total net inflow of $24.2 million on October 16, further indicating rising institutional interest in the asset.

Despite current challenges, these metrics point to a resilient network and continued investor confidence. While staker revenue has fallen, the ongoing growth in validators, whale activity, and data utilization underscores Ethereum’s potential for future growth.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Source: https://nulltx.com/ethereum-staker-revenue-drops-30-amid-market-slump-but-validator-numbers-hit-new-high/