- The rewards for Ethereum have grown due to the design as the amount of effective ETH has grown.
- Load-bearing stablecoins and defi products give more returns, but Ethereum does not necessarily lose the fight.
Ethereum [ETH] continued to vary between $ 2.4k and $ 2.8k. The bulls have succeeded in keeping the line despite considerable volatility in the short term.
In the past month there have been several days that the day of the day was almost 10% apart.
The analysis of Ambcrypto showed that the leading Altcoin was in a consolidation phase. In an earlier report, the importance of the progressive average of 50 weeks was emphasized. Ethereum still traded under this dynamic resistance.
Source: Glass node
A significant part of the long -term investors, trust in the basic principles of the network, leave their ETH parked in deployment.
At the time of writing, 34.9 million ETH, or 29% of the circulating offer, participated in the consensus of proof-of-stake.
Source: Beaconcha.in
In addition to the growing amount of ETH, the Ethereum strike has fallen since 2023. On June 17 this rate was 2.987% per year.
This is for the consensus storage rewards, not the implementation layer. Due to the design, as more ETH is set over the network, the reward will decrease per validator.
Source: Drawing up rewards
Other chains seem to offer a higher reward percentage, for example Solana [SOL] with 7.54%, polkadot [DOT] At 11.82%and Cosmos Hub [ATOM] with 20.2%.
However, these networks have much higher inflation than ETH, with Solana with 4.5%and polkadot with 7.78%. In comparison with just 0.7% inflation for Ethereum, these alternative chains were not as big challenge as other protocols.
Proceeds-bearing stablecoins, Defi lending protocols earn more
Holding stablecoins such as UST or USDC does not earn a passive income from the holders. Proceeds-bearing stablecoins have users hold a dollar-pegged asset while they earn passive income.
Ethena’s Steates used [SUSDE]One of the leading yield -bearing Stablecoins by market capitalHas a current yield of 5.81%. Historically, it has achieved some of the highest returns, ranging from 10% to 25% APY.
Source: Stable
Leading Defi -Credit Protocols such as Aave [AAVE]Makerdao [MKR] (now renamed sky), and compiled [COMP] Earn by having users (lenders) deposit their crypto into a “liquidity pools” on the platform.
Other users (borrowers) can take loans from these Polish by using crypto as collateral.
At the time of writing, Aave deployment has a reward percentage of 4.63%, beating ETHs 3%.
The higher return can attract users to Defi -Credit Platforms on the direct setting of ETH. However, that does not mean that Ethereum loses because these Defi products are built on the Ethereum network.
Their increased acceptance and use will stimulate the acceptance of Ethereum Network and increase transaction costs, thereby strengthening ETHs long -term value.
Source: Defillama
This was seen in the no less than 55.8% share of the total value locked in Ethereum. In comparison with other chains, Ethereum was still a leader in the Defi room, even if the direct rewards may be a bit overwhelming.