Just Hopmans

1 of the 6 reasons why @0xPolygon needs to change its $pol economics ASAP: The top 5 validators received 45% of the March 17 payout $1.5 M in POL. Those fees can be restaked, increasing their stake, increasing their next fee allocation. This is compound interest — exponential growth for a small group, while 30,757 delegators compound on emission rewards only, which continue to decrease. As priority fees grow and emissions shrink, stake concentrates further and delegators have diminishing economic incentive to participate — directly threatening the network’s long-term security budget. Full PIP live on the forum: forum.polygon.technology/t/pip-priority…

🚨 SHOCKING: What does the Ethereum Foundation actually earn on $143M staked? I ran the numbers using 30 days of on-chain data. Total APY: 2.73% — Real yield (fees + MEV): 0.17% — New issuance: 2.55% 93.6% of what they receive is newly minted ETH. Real earnings on $143.1M: — $243K/year — $666/day The other $3.65M/year is freshly printed $ETH that dilutes every non-staking holder. $143 million locked up for $666/day in real yield. This is why I’m advocating for real yield as the singular most important staking metric. Not the headline APY. Not the total rewards. The actual value generated by network usage. If your yield disappears when you subtract issuance, it was never yield. Data: Dune #2256134 · 30 days · Mar 4 – Apr 2, 2026 @ethereum @ethereumfndn

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Quarterly update on @0xPolygon! Ps: It’s up only. beincrypto.com/dollar-payment…

🚨 SHOCKING: What does the Ethereum Foundation actually earn on $143M staked? I ran the numbers using 30 days of on-chain data. Total APY: 2.73% — Real yield (fees + MEV): 0.17% — New issuance: 2.55% 93.6% of what they receive is newly minted ETH. Real earnings on $143.1M: — $243K/year — $666/day The other $3.65M/year is freshly printed $ETH that dilutes every non-staking holder. $143 million locked up for $666/day in real yield. This is why I’m advocating for real yield as the singular most important staking metric. Not the headline APY. Not the total rewards. The actual value generated by network usage. If your yield disappears when you subtract issuance, it was never yield. Data: Dune #2256134 · 30 days · Mar 4 – Apr 2, 2026 @ethereum @ethereumfndn

🚨BULLISH: ETHEREUM FOUNDATION HITS $143M $ETH STAKED The @Ethereum Foundation today staked a staggering $93.1 million $ETH, locking it into the network for the foreseeable future. According to Arkham, the @ethereumfndn now holds a whopping $143.1 million worth of staked Ether. Source: @arkham

93.6% of what ETH stakers receive is inflation. Only 6.4% comes from actual network usage. I ran 30 days of on-chain data (Mar 4 – Apr 2). The numbers: 30-day avg staking APY: 2.73% — 2.55% is newly minted ETH — 0.17% is real yield (fees + MEV) Daily: — 2,967 ETH issued — 132 ETH from priority fees — 71 ETH from MEV $88.4 billion staked across 42.9M & $ETH and 1.34M validators. Real return: 0.17%. Data: @Dune Follow me for monthly updates.

93.6% of what ETH stakers receive is inflation. Only 6.4% comes from actual network usage. I ran 30 days of on-chain data (Mar 4 – Apr 2). The numbers: 30-day avg staking APY: 2.73% — 2.55% is newly minted ETH — 0.17% is real yield (fees + MEV) Daily: — 2,967 ETH issued — 132 ETH from priority fees — 71 ETH from MEV $88.4 billion staked across 42.9M & $ETH and 1.34M validators. Real return: 0.17%. Data: @Dune Follow me for monthly updates.

93.6% of what ETH stakers receive is inflation. Only 6.4% comes from actual network usage. I ran 30 days of on-chain data (Mar 4 – Apr 2). The numbers: 30-day avg staking APY: 2.73% — 2.55% is newly minted ETH — 0.17% is real yield (fees + MEV) Daily: — 2,967 ETH issued — 132 ETH from priority fees — 71 ETH from MEV $88.4 billion staked across 42.9M & $ETH and 1.34M validators. Real return: 0.17%. Data: @Dune Follow me for monthly updates.

93.6% of what ETH stakers receive is inflation. Only 6.4% comes from actual network usage. I ran 30 days of on-chain data (Mar 4 – Apr 2). The numbers: 30-day avg staking APY: 2.73% — 2.55% is newly minted ETH — 0.17% is real yield (fees + MEV) Daily: — 2,967 ETH issued — 132 ETH from priority fees — 71 ETH from MEV $88.4 billion staked across 42.9M & $ETH and 1.34M validators. Real return: 0.17%. Data: @Dune Follow me for monthly updates.

93.6% of what ETH stakers receive is inflation. Only 6.4% comes from actual network usage. I ran 30 days of on-chain data (Mar 4 – Apr 2). The numbers: 30-day avg staking APY: 2.73% — 2.55% is newly minted ETH — 0.17% is real yield (fees + MEV) Daily: — 2,967 ETH issued — 132 ETH from priority fees — 71 ETH from MEV $88.4 billion staked across 42.9M & $ETH and 1.34M validators. Real return: 0.17%. Data: @Dune Follow me for monthly updates.

93.6% of what ETH stakers receive is inflation. Only 6.4% comes from actual network usage. I ran 30 days of on-chain data (Mar 4 – Apr 2). The numbers: 30-day avg staking APY: 2.73% — 2.55% is newly minted ETH — 0.17% is real yield (fees + MEV) Daily: — 2,967 ETH issued — 132 ETH from priority fees — 71 ETH from MEV $88.4 billion staked across 42.9M & $ETH and 1.34M validators. Real return: 0.17%. Data: @Dune Follow me for monthly updates.