ETH Staking is now Temping - this is why! (Patreon)
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Ethereum's staking rewards rate has increased to 8.6%, the highest since the Merge last year. This is due to a surge in on-chain gas fees driven by the recent memecoin frenzy. Validators earned $46 million in total income in the first week of May, a 40% increase over the previous week.
I always say I dont get out of bed for 6%, but this rate has me tempted to stake some ETH.
To participate in the network's consensus process, Ethereum validators are required to stake a minimum of 32 ETH, which is approximately $58,000. Currently, there are over 19 million ether staked on the network by 560,000 validator entities.