","button_title":"Play-to-Earn Game List","span_one":"No obligations","span_two":"Free to use"}},"header":{"homepage":"Homepage","Game Reviews":"Game Reviews","Game List":"Game List","Developers":"Developers","Developer List":"Developer List","Gaming News":"Gaming News","search":"Search","local":"en","Popular P2E Developers":"Popular P2E Developers","Play To Earn Games":"Play To Earn Games","P2E Games":"P2E Games","Crypto Games":"Crypto Games","Web3 Games":"Web3 Games"},"meta":{"title":"Games to Earn, Blockchain, NFT, P2E Games List","description":"Play hundreds of games! Games to Earn, P2E, Blockchain, NFT, Crypto, Web3 Games. Read game reviews and start playing right away. Play now!","ogType":"article","keywords":"NFT Games, Crypto Games, Earning Games, Earning Games, Blockchain Games, P2E Games"}}},"initialLocale":"hi","ns":["news_letter","singleNews","singleGame","footer","common","header","meta"],"userConfig":{"i18n":{"locales":["en","hi","fr","es","de","pt","nl","tr"],"localeDetection":false,"defaultLocale":"en","domains":[{"domain":"playtoearngames.com","defaultLocale":"en"},{"domain":"hi.playtoearngames.com","defaultLocale":"hi","locales":["hi-IN"]},{"domain":"fr.playtoearngames.com","defaultLocale":"fr","locales":["fr-BE","fr-CA"]},{"domain":"es.playtoearngames.com","defaultLocale":"es","locales":["es-GT","es-MX"]},{"domain":"pt.playtoearngames.com","defaultLocale":"pt","locales":["pt-BR"]},{"domain":"de.playtoearngames.com","defaultLocale":"de","locales":["de","de-DE","de-AT","de-CH"]},{"domain":"nl.playtoearngames.com","defaultLocale":"nl","locales":["nl-BE"]},{"domain":"tr.playtoearngames.com","defaultLocale":"tr"}]},"trailingSlash":true,"default":{"i18n":{"locales":["en","hi","fr","es","de","pt","nl","tr"],"localeDetection":false,"defaultLocale":"en","domains":[{"domain":"playtoearngames.com","defaultLocale":"en"},{"domain":"hi.playtoearngames.com","defaultLocale":"hi","locales":["hi-IN"]},{"domain":"fr.playtoearngames.com","defaultLocale":"fr","locales":["fr-BE","fr-CA"]},{"domain":"es.playtoearngames.com","defaultLocale":"es","locales":["es-GT","es-MX"]},{"domain":"pt.playtoearngames.com","defaultLocale":"pt","locales":["pt-BR"]},{"domain":"de.playtoearngames.com","defaultLocale":"de","locales":["de","de-DE","de-AT","de-CH"]},{"domain":"nl.playtoearngames.com","defaultLocale":"nl","locales":["nl-BE"]},{"domain":"tr.playtoearngames.com","defaultLocale":"tr"}]},"trailingSlash":true}}}}Ethereum Struggles: Reasons and Solutions - Play to Earn Games News
Ethereum bulls are currently facing challenges in gaining momentum in the Market, but onchain Data indicates some interesting developments. Despite ETH trading above $2,400, determined sellers are capping its Price movement. However, data from IntoTheBlock reveals that nearly 30% of all circulating ETH has been staked.
Over 34.4 Million ETH Staked In 9 Months
According to analysts at IntoTheBlock, as of October 8, approximately 28.9% of all ETH in circulation has been staked. This indicates that more holders are committed to locking their ETH. The current figure represents an increase from 23.8% recorded in January 2024. Out of the total staked ETH, more than 15.3% has been locked for a duration exceeding three years.
The shift to a proof-of-stake Consensus algorithm in September 2022 allowed Ethereum to transition away from energy-intensive miners to validators. This change aligned Ethereum with networks like Cardano that also utilize a proof-of-stake mechanism.
Parallel data from Ethereum highlights that over 1 million network validators have collectively staked more than 34.4 million ETH. Each validator earns an Annual Percentage Rate (APR) of 3.3%, which is a non-compounding annual yield subject to adjustments based on the locked amount.
Validators on the Ethereum network are required to stake a minimum of 32 ETH and operate a node to ensure continuous network functionality throughout the week. Penalties are imposed on validators who engage in malicious activities like confirming invalid transactions or attempting a majority attack on the Chain.
EIP 7781 Seeks To Boost Ethereum Scalability
Amidst these developments, Ethereum developers are actively working to improve scalability and enhance user Experience. Following the Dencon upgrade in March 2024, a new Ethereum Improvement Proposal (EIP) 7781 has been proposed to further enhance Ethereum's processing speeds.
The primary objective of EIP 7781 is to reduce slot times and increase the blob capacity on the Ethereum network. With a goal to decrease slot time from approximately 12 seconds to 8 seconds, this proposal could potentially boost transaction throughput by over 30%. As a result, DecentralizedExchanges like Curve and Uniswap stand to benefit from improved efficiency.
If EIP 7781 is implemented successfully, users can expect reduced costs for mainnet transactions due to the increased throughput. However, solo stakers will need to invest in new equipment and strengthen their internet connections to adapt to the changes.
Despite the challenges faced by Ethereum bulls in the current market conditions, the increasing Staking of ETH and ongoing Development efforts within the ecosystem signal positive long-term prospects for the platform. As Ethereum maintains its position as the second-largest cryptocurrency platform, behind Bitcoin, and continues to garner attention from regulatory bodies like the United States SEC, the future outlook remains optimistic.
For more cryptonews and updates, stay tuned on our platform.