Nearly 29% of All Ethereum Now Staked Surpasses 35 Million ETH

HKAN | Jul 13

Ethereum Staking Hits Record High at 29% of Total Supply

 

According to on-chain data from Dune Analytics, approximately 35.9 million ETH—representing 29% of Ethereum’s total circulating supply—is currently staked, with over 1.12 million validators active across the network .

 

 

 

Why This Matters

Strengthening conviction: Nearly one-third of ETH being locked signals strong investor confidence and commitment to long-term holding .

 

Reduced liquid supply: With a significant portion of ETH locked in staking contracts, liquid supply shrinks—potentially tightening market liquidity .

 

Boost for staking rewards & yield: Stakers are earning yield in exchange for supporting Ethereum’s proof-of-stake security model.

 

 

 

Broader Impacts

Institutional support: The uptick follows clearer U.S. SEC guidance affirming that protocol staking is not a securities offering, paving the way for broader institutional participation .

 

Growing decentralization & resilience: With more validators and staked ETH, Ethereum’s network integrity and decentralization continue to strengthen.

 

Liquid staking platforms thrive: Services like Lido, Coinbase, and Binance have seen increased uptake. Lido now controls ~25% of all staked ETH .

 

 

 

Final Take

Nearly 29% of Ethereum’s total supply being staked—over 35 million ETH marks a pivotal moment in the network’s transition to a mature, institutional-grade ecosystem. As ETH locking deepens, liquid supply tightens and long-term commitment grows, setting up a strong foundation for future price and infrastructure stability.