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Ethereum Beacon Chain APR Drops to 3.6%, as the Number of Verifiers Increases

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On February 28, according to the data on the official website of Ethereum, the APR (annual rate of return) of ETH pledge of Ethereum beacon chain has dropped a…

Ethereum Beacon Chain APR Drops to 3.6%, as the Number of Verifiers Increases

On February 28, according to the data on the official website of Ethereum, the APR (annual rate of return) of ETH pledge of Ethereum beacon chain has dropped again, and has now dropped to 3.6%, which has been in a downward trend in the past three months. Historical data show that the index fell below 4% on November 14, 2022 and fell to 3.8% on November 28, and then fell to 3.7% on January 23, 2023. In addition, the current total number of verifiers of the Ethereum beacon chain has exceeded 530000, reaching 530726.

ETH pledge APR of Ethereum beacon chain dropped to 3.6%, which has continued to decline in the past three months

Interpretation of the news:


The message above highlights the fall of the annual rate of return (APR) of the Ethereum beacon chain, which has reached 3.6% as of February 28. This is the lowest value this index has ever reached in the past three months, showing the decreasing trend of Ethereum’s pledge values. In fact, since November 2022, the APR has remained below 4%, indicating the weakening value of Ethereum.

Furthermore, the total number of verifiers involved in the Ethereum beacon chain has reached over 530,000, indicating an increase in the number of individuals involved in the network. It is important to note that verifiers play a crucial role in verifying and validating transactions and blocks on the blockchain network, making the system more secure and reliable.

Thus, the message can be interpreted as follows: Ethereum’s value, as measured by the APR, has continued to decline in recent months, reflecting a bearish market trend. On the other hand, the increased number of verifiers on the Ethereum beacon chain suggests that the network is still growing in popularity and usage, despite the decline in value.

Overall, this message shows the complexity of the cryptocurrency market and how various factors can impact the value and usage of different cryptocurrencies. It also highlights the importance of various metrics, such as the APR and the number of verifiers, in understanding and monitoring the health of an ecosystem.

Keywords:

1. Ethereum: One of the leading cryptocurrencies in the market, which has experienced a decline in value measured by the APR metric.
2. Beacon Chain: The Ethereum chain that helps support Proof-of-Stake (PoS) consensus and supports faster and cheaper transactions.
3. Trend: A long-term direction or pattern, which shows that Ethereum’s value has continued to decline while the number of verifiers has increased.

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