Ethereum validators earn a record $46M as staking rewards rate surges

Validators earned $46 million in the very first week of May due to a boost in the staking benefits rate, which is a metric for validators annualized yield. As gas fees increase, end users pay over $30 per swap, resulting in higher fee income for validators from processing deals and the regular validator rewards.ETH staking rewards referral rate. In order to engage in the networks agreement procedure, validators on Ethereum are mandated to stake a minimum of 32 ETH, valued at roughly $58,000.