Ethereum Staking Hits All-Time High: Over 28% of Supply Locked

2d ago•

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Ethereum has reached a critical milestone in its staking journey, as the total amount of ETH staked hit an unprecedented 34.83 million tokens. This figure now represents over 28.15% of the circulating supply, marking the highest ratio of locked Ethereum to date. The timing coincides with ETH’s recent 9.5% price surge, bringing the asset to $2,758 and reinforcing the bullish sentiment across the market.

According to Beacon Chain data as of June 10, 2025, the staking trajectory has been consistent and upward since Ethereum’s early days. Major network upgrades like the Merge, Shapella, and Dencun have accelerated interest in staking, underlining the blockchain’s growing maturity. Notably, the number of active validators has surpassed 1.088 million, signaling a robust decentralization and a stronger trust foundation within the Ethereum ecosystem.

Staking Landscape Shifts: Lido Faces Rising Competition

While Lido remains the market leader with 8.94 million ETH staked—about 25.6% of the total staking share—its dominance is beginning to soften. Over the past six months, Lido’s market share has declined by 9%, suggesting that Ethereum staking is becoming increasingly diversified and competitive.

Centralized exchanges such as Binance and Coinbase collectively account for over 15% of staked ETH. However, the real momentum lies with restaking protocols like ether.fi, which grew its stake by 16% in the last month alone, reaching 2.25 million ETH. This surge reflects the growing adoption of liquid restaking solutions—where users can earn multiple yields on the same staked tokens.

Meanwhile, platforms like Rocket Pool and Blockdaemon are also witnessing significant growth. Blockdaemon in particular has recorded an 85% increase in staked ETH over the past six months, underscoring rising demand for enterprise-grade and decentralized staking services. These developments not only enhance competition but also indicate a more resilient and distributed Ethereum staking landscape.

The Bigger Picture: Security, Yield, and Network Resilience

This historic level of staking paints a clear picture of Ethereum’s evolving security model and the increasing desire for yield-generating opportunities in a decentralized context. With over a quarter of the network’s supply locked and validator numbers at a record high, Ethereum is poised to maintain its dominance in smart contract infrastructure.

As The Bit Journal previously noted in its staking trend reports, this movement is more than a technical phenomenon—it reflects deepening user confidence, maturing infrastructure, and the ongoing reshaping of decentralized finance (DeFi) ecosystems.

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