According to The Block data, Ethereum staking revenue has declined by 30% since its peak in March, with total staking revenue of $174 million in September, down from a peak of $247 million in March. Despite the decline in revenue, the validator base continues to expand. Ethereum currently has 1.09 million validators, indicating increasing cyber security engagement. Despite the decrease in individual rewards, the number of validators is still increasing, indicating that people remain confident in Ethereum's long-term prospects.