Ethereum News Today: Ethereum Staked ETH Surpasses 36 Million, Lido Leads With 24.59% Market Share

More than 36 million Ethereum (ETH) tokens are now staked on the network, representing approximately 29.13% of the total circulating supply. This level of staking reflects a growing trend among ETH holders who are locking their assets to earn yield and support the network’s security. As of the latest data, there are 1,127,538 active validators contributing to Ethereum’s consensus mechanism, reinforcing the network’s decentralization and resilience [1].

Lido, the dominant player in the liquid staking space, holds a market share of 24.59%—equivalent to 8.87 million ETH—placing it ahead of major centralized exchanges like Binance and Coinbase. Binance holds 3.82 million ETH, while Coinbase holds 3.08 million ETH. Other staking platforms, including ether.fi, Figment, and Kiln, have also seen growth. Since the Shanghai update, net inflows have reached 14.77 million ETH, with an additional 17.91 million ETH if staking rewards are included [1].

The increase in staked ETH coincides with a broader price rally for Ethereum, which is currently trading at around $4,262.13. The token has gained 0.88% in the last 24 hours and 20.18% over the past week. Ethereum’s market capitalization has surpassed $520 billion, outpacing major equities like Mastercard and Netflix [1].

Institutional and retail demand for Ethereum-based investment vehicles is also on the rise. Ethereum ETPs have seen a record $269.6 million in inflows in the past week, marking the highest inflow among crypto assets. Ethereum ETF assets now total $19.18 billion, up 59% since the beginning of the year. Meanwhile, over 1.035 million ETH—worth $4.17 billion—has been accumulated by unknown whales or institutions since July 10th, signaling increased confidence in the asset [1].

Lido’s continued leadership in the staking market highlights the growing importance of liquid staking in Ethereum’s ecosystem. By allowing users to stake ETH while retaining liquidity through stETH, Lido has attracted significant capital. However, the increasing dominance of a few major staking platforms has raised concerns about centralization risks and the long-term sustainability of the network’s decentralization model [1].

The regulatory landscape also plays a role in shaping the future of Ethereum staking. Recent reports suggest that the U.S. Securities and Exchange Commission’s (SEC) potential shift in stance on liquid staking could remove a major regulatory hurdle, potentially paving the way for broader institutional adoption. If regulatory clarity is achieved, the Ethereum staking ecosystem could see even more participation, including from larger institutional investors [1].

While the surge in staked ETH underscores Ethereum’s transition into a more capital-efficient asset, challenges remain. The volatility of stETH and the potential alignment of incentives between stakers and protocol design are ongoing concerns. Additionally, the dominance of liquid staking pools may introduce new risks to the network’s decentralized structure. These factors will need to be carefully addressed to ensure the long-term stability and trust of the Ethereum network [1].

Source:

[1] Ethereum Staked Hits 36 Million with Lido Leading the Pack

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