Ethereum Staking Surges 30% as 35.2 Million ETH Locked

Over 35.2 million ETH is now staked on the Ethereum network, representing nearly 30% of Ethereum’s total circulating supply. This milestone marks a significant shift in the supply dynamics of Ethereum, as a substantial portion of its tokens are now locked in staking contracts. The staked amount has been steadily increasing since the beginning of 2022, reflecting a prolonged growth in staking activity. This trend has accelerated over the duration of 2023, particularly following protocol-level changes that enhanced staking efficiency and reduced technical barriers.

The increase in staked ETH has directly affected the float available in the market. As more tokens are involved in staking contracts, the circulating supply decreases, which in turn reduces sell pressure and strengthens Ethereum’s long-term fundamentals. This change in supply dynamics impacts the liquidity of the token on major exchanges, although it does not predict market direction. The metrics can be used to understand how market participants are deciding to use Ethereum at scale.

From July 2022 to June 2025, Ethereum’s total value staked showed a persistent upward trend. By mid-2023, the total number of staked coins exceeded 20 million. As of the latest update, the total staked figure reached approximately 35.2 million ETH. Despite significant price volatility, staking activity remained extremely high. For instance, the price of Ethereum reached $4,000 in early 2024 before falling to under $2,000, and then partially recovering in 2025. Throughout these price fluctuations, the locked ETH supply held steady, highlighting the ongoing interest in staking regardless of spot market sentiment.

Ethereum is currently priced at $2,426.56, reflecting a 1.2% daily decline. The token also trades at approximately 0.02261 BTC, down 1.4%. Within the 24-hour period, ETH traded between a low of $2,391.69 and a high of $2,459.96. These levels now act as immediate support and resistance markers for short-term market participants. Notably, the price sits just above a key technical support line at $2,391.69. Meanwhile, $2,459.96 stands as the next resistance level on the chart. Price action continues to consolidate within this range, with no major breakout yet confirmed.

Staked ETH has remained stable through price volatility, reflecting steady validator participation. This stability in staking activity, despite market fluctuations, underscores the confidence of validators in the long-term prospects of Ethereum. The consistent participation of validators is a positive indicator for the network's security and decentralization, as it ensures that a significant portion of the network's tokens are locked in staking contracts, reducing the risk of a 51% attack.