PANews reported on October 29 that according to The Block, the staking yield of the Ethereum network remained at about 3% in the third quarter of 2024, down from more than 3.5% in July. Analysts pointed out that Ethereum's staking returns are lower than other major Layer 1 protocols such as Cosmos, Polkadot, Celestia and Solana, with yields of 7%-21%.
Low staking yields help reduce inflationary pressure on the network. Kaiko analysis shows that the Ethereum validator queue has averaged less than one day this year, a significant decrease from the 45-day peak in June 2023. Despite the reduction in on-chain activity and staking demand, the supply of stETH from Lido, a major staking service provider, has remained stable since the beginning of the year, with growth slowing to about 9.6 million ETH, reflecting the slowdown in the growth of the overall staking stock.
