[Ethereum's Total On-Chain Yield Drops to 2.68% in Q2 2026, Hitting a Historic Low] According to data released by The DeFi Report, Ethereum's annualized total on-chain yield in Q2 2026 was 2.68%, marking a historic low. Approximately 94% of this yield came from issuance rewards, while user activity migrating to Layer 2 led to a decline in Ethereum mainnet priority fees and MEV capture capability.