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Glassnode

Chart description

The theoretical per validator return curve of the Ethereum Proof-of-Stake network. This chart reflects the ETH denominated annual return (%) on a 32-ETH stake validator, with ETH issuance determined based on the number of validators participating in consensus.

It is calculated as Annual ROI per validator = 32 / sqrt(Validator Count)

Latest value: 3.261% (as of 25 Feb 2026)