- The ignition rewards for Ethereum have dropped, by design, as the quantity of Ethough Effective Jaluit has developed.
- The stablescoins and the DEFI products provided greater yields, but Ethereum did not necessarily lose the battle.
Ethereum (ETH) continued to be between $ 2.4,000 and $ 2.8,000. The Bulls managed to hold the line despite significant short -term volatility.
During the last month, there were several days when the high and low day was almost 10% interval.
Ambcrypto’s analysis has shown that Altcoin Leader was in the consolidation phase. In a previous report, the importance of the 50 -week mobile average has been highlighted. Ethereum was still negotiated below this dynamic resistance.
Source: Glassnode
An important part of long -term investors, confident in the fundamental principles of the network, have their ETH by parked in the clears.
At the time of the drafting of this document, 34.9 million ETH, or 29% of the supply in circulation, participated in the consensus of proof of bet.
Source: Beaconcha.in
In addition to the growing quantity of ETH attached, the Ethereum display reward has fallen since 2023 on June 17, this rate was 2.987% per year.
This is for the rewards of switching on consensus, not the execution layer. By design, as more ETH are dotted on the network, the validator award will decrease.
Source: mark out the awards
Other channels seem to offer a higher reward rate, for example, Solana (soil) at 7.54%, Polkadot (dot) at 11.82%and Cosmos Hub (ATOM) at 20.2%.
However, these networks have much higher inflation than ETH, with Solana at 4.5% and Polkadot at 7.78%. Compared to inflation of only 0.7% for Ethereum, these alternative channels were not as important as other protocols.
Compatible staboins and Defi loan protocols earn more
Holding stablecoins such as UST or USDC does not win holders of passive income. The stablescoins provided in return allow users to hold a sharp assets in dollars while winning a passive income.
USDE Ethena (Susde), one of the main stablescoins of performance by market capitalization, has a current return of 5.81%. Historically, it has provided some of the highest yields, ranging from 10% to 25% APY.
Source: Stablewatch
The main DEFI loan protocols such as Aave (Aave), Makerdao (MKR) (now renamed in the sky) and composed (comp) win by allowing users (lenders) to deposit their crypto in “liquidity pools” on the platform.
Other users (borrowers) can contract loans from these pools using crypto as guarantee.
When writing the editorial’s time, Aave Staking has a 4.63% award rate, beating 3% ETH.
The higher efficiency can attract users to DEFI loan platforms on the direct staging of ETH. However, this does not mean that Ethereum loses, because these DEFI products are built on the Ethereum network.
Their adoption and increased use will stimulate the adoption of the Ethereum network and increase transaction costs, strengthening the long -term ETH value.
Source: Defillama
This was observed in the share of 55.8% of the total locked value (TVL) in Ethereum. Compared to other channels, Ethereum was still a leader in the DEFI space, even if his direct staging awards could be a little disappointing.
