Ethereum Staking Reaches New High 28.15% of Supply Locked

Staked Ethereum (ETH) has reached a new all-time high, with 34,824,875 ETH now locked in staking contracts. This amount represents 28.15% of the total Ethereum supply, indicating a significant portion of the cryptocurrency is being used to support the network's security and operations. The validator count stands at 1,088,277, reflecting a growing number of participants in the staking ecosystem. This surge in staking activity follows a period of consolidation and a brief decline earlier in the month, suggesting renewed interest and confidence in the Ethereum network.

Lido remains the leading staking entity, with 8.94 million ETH staked, accounting for 25.6% of the total market share. Centralized exchanges Binance and Coinbase follow closely, with 2.65 million and 2.59 million ETH staked, respectively, representing a combined share of over 15%. Notably, ether.fi, a liquid restaking platform, continues to gain traction with 2.25 million ETH, up 16% over the past month. This growth highlights the increasing popularity of liquid staking solutions, which allow users to maintain liquidity while earning staking rewards.

Data from Beaconcha.in shows consistent staking growth since the launch of Ethereum’s Beacon Chain. This growth has accelerated following key upgrades such as the Merge, Shapella, and Dencun. The staking rate has climbed steadily over the past year, coinciding with the development of more sophisticated restaking strategies and the expansion of staking service providers. These advancements have made staking more accessible and attractive to a broader range of participants, contributing to the overall growth of the staking ecosystem.

The staking milestone coincides with a 9.5% surge in the ETH price over the past 24 hours, reaching $2,758. This price increase follows a temporary plateau earlier this month and reflects rising market volumes and upward momentum since June 9. The correlation between staking activity and price movements suggests that increased participation in staking may be driving market sentiment and contributing to the overall value of Ethereum.

Despite Lido’s dominance, its market share has decreased by 2% over the past month and 9% over six months. This decline reflects broader diversification in the staking landscape, as more platforms and services emerge to cater to different user needs and preferences. Platforms such as Blockdaemon and Rocket Pool have shown strong medium-term growth, with Blockdaemon up 85% over six months. This trend indicates increased adoption of decentralized and institutional staking options, as users seek more diverse and secure staking solutions.