The average staking yield of the top 35 stakable cryptocurrencies has reached a historic low due to the rising average stake rate among investors during the third quarter, according to a report from Staked, a non-custodial staking platform subsidiary of Kraken.
The average staking rate increase to a substantial 52.4% across proof-of-stake (PoS) networks led to a decline in the yield on these chains to 10.2%, the lowest ever rate.
For context, Ethereum (ETH), the largest PoS network, saw its Consensus layer yield drop to a low of 3.2% while the percentage of total supply staked assets increased to a record high of 22% during the third quarter. The decline was more pronounced in ETH’s Execution layer, dropping to 1.3%, according to Staked.
“The combination of a high stake rate, and transaction activity shifting from Mainnet (L1) to the various Ethereum Layer 2 networks (Ls), resulted in a Q3 staking yield of 4.5%, ETH’s lowest on record.”
While Ethereum staking saw a notable surg
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