Ethereum Staking Reaches New Milestone
The amount of staked Ethereum has surpassed 35 million ETH, setting a new record. This achievement reflects growing confidence among investors and significantly reduces the available supply of the cryptocurrency. Data from Dune Analytics shows more than 28% of all Ether is now locked in staking contracts, temporarily removing it from circulation while generating rewards for participants.
Regulatory Developments Support Staking Growth
Recent guidance from the U.S. Securities and Exchange Commission (SEC) has contributed to this growth. The SEC clarified that certain staking activities don’t require registration as securities offerings. This regulatory clarity has encouraged more cryptocurrency holders to participate in staking without concerns about legal complications.
Key Players in Ethereum Staking
- Lido leads the market with 25% of all staked ETH
- Major exchanges Binance and Coinbase hold 7.5% and 7.4% respectively
- Coinbase operates the largest network of validators, controlling 11.4% of staked ETH
Future Outlook for Staking Products
The cryptocurrency community anticipates approval of the first Ethereum staking ETFs. This follows the SEC’s review of Bitwise’s proposal to include staking features in its ETF. Such products could expand participation in Ethereum‘s proof-of-stake system, offering new ways to engage with the network.
