Ethereum Staking Reaches Historic High of 35 Million ETH
The amount of Ethereum (ETH) being staked has hit a record 35 million tokens, demonstrating strong confidence among holders while significantly reducing the cryptocurrency‘s liquid supply. This milestone reinforces Ethereum’s position as the second-largest cryptocurrency by market capitalization.
Understanding the Staking Surge
According to Dune Analytics, more than 28% of all Ether is now staked. This means these tokens are locked in smart contracts, temporarily unavailable for trading but earning passive rewards. In just the first half of June, over 500,000 ETH entered staking contracts, showing growing belief in Ethereum’s long-term potential.
Regulatory Developments Boost Confidence
The U.S. Securities and Exchange Commission (SEC) recently clarified that certain staking activities don’t require registration as securities offerings. This regulatory guidance has provided welcome clarity for the cryptocurrency sector.
Key Players in ETH Staking
- Lido leads with 25% of all staked ETH
- Binance holds 7.5% of staked supply
- Coinbase controls 7.4% and operates the largest node network
Future Outlook and Considerations
While the growth of liquid staking through protocols like Lido raises some centralization concerns, increasing institutional participation suggests continued expansion for Ethereum staking. The significant institutional portion of Lido’s total value locked (TVL) indicates strong professional interest in this space.
