Ethereum Staking Yields Slowing Amid Investor Demand: Coinbase

Investor demand for ether staking yields has slowed, according to a research report by Coinbase. The Ethereum blockchain validator queue has emptied for the first time since the Shanghai upgrade in May, indicating leveling off of investor interest. Staking yields have dropped to 3.5% from over 5% as the validator entry reached peak capacity. Coinbase expects the staking yield to remain flat now that validator growth has slowed, as long as underlying activity and transaction fees on the Ethereum network remain consistent. The report also noted that the upcoming Dencun upgrade in the first half of 2024 is not expected to have a major impact on onchain activity.