Chain News Today TheBitTimes.com

Orbitt (ORBT), a Solana-based (SOL) crypto platform, has launched a staking program with nearly $2 million in rewards, as outlined in the most up-to-date reports shared with Finbold on Tuesday, December 3.  Launching on December 3, the staking initiative allows ORBT holders to generate passive income by relying on Orbitt’s buyback mechanism to not only enhance their holdings but also contribute to ecosystem growth. Orbitt staking program In addition to staking rewards, ORBT stakers will gain access to Orbitt PAD, a new launchpad for exclusive, rigorously tested projects.  Picks for you 5 promising cryptocurrencies Coinbase just added to the COIN50 index 40 mins ago AI predicts Chainlink (LINK) price for year-end  ...

Ethereum's staking rewards hit a record 8.6% post-Merge, with validators earning $46 million in the first week of May, citing the memecoin craze responsible. Validators earned a total income of $46 million in the first week of May as a result of the increase in the staking rewards rate, which is a metric for the annualized yield of validators. According to data, validators earned 24,997 Ether (ETH) in the week, representing a 40% increase over the previous week's income of $33 million, when 18,339 ETH were distributed as rewards. The recent trend of a new memecoin called Pepe trading is the reason behind the gratitude of validator s. In the past week, the average fees on the Ethereum network have exceeded 100 gwei, marking the highest level since May 2022. As gas fees increase, end users are paying over $30 per swap. The surge in gas fees has resulted in higher fee income for validator s from processing transactions, in addition to their regular validator reward s. ETH staki...