- Over 27% of all ether is now staked, reflecting a significant interest in this activity within the Ethereum network.
- This increased participation indicates growing confidence in Ethereum’s staking capabilities and its long-term viability.
Recent data shows that staking interest in the Ethereum network has risen significantly over the past year, with over 27% of all ether now staked. This accounts for a total of 32,472,720 ether valued at $98.26 billion based on current exchange rates.
Staking Captures 27% of Ethereum Supply
Data from Dune Analytics and DeFiLlama indicates that 27.09% of Ethereum’s entire supply of 120,071,733 ETH is currently staked. This represents a major commitment from the network, reflecting the growing popularity of staking within the Ethereum community. As of now, Ethereum boasts an aggregate of 1,014,905 validators.
Lido Finance Dominates Liquid Staking
Liquid staking derivatives (LSD) platforms manage a significant portion of the staked ether, providing participants with the ability to stake assets without locking them down completely. These platforms not only allow users to stake lesser amounts but also bypass the usual requirement of 32 ETH needed to become a validator on Ethereum. Lido Finance holds a dominant position in this space with a 71.43% market share of the liquid staking segment, accounting for $28.77 billion of the total staked amount.
Other Notable Players in Ethereum Staking
Besides Lido Finance, Eigenlayer has also been a key contributor to the recent growth in staking activity on the Ethereum network. Since the beginning of 2024, Eigenlayer’s total value locked (TVL) has increased sevenfold, resulting in longer wait times for those aspiring to become validators. While it’s uncertain how long this trend will continue, the desire to become a validator is driving a surge in staking.
Since Ethereum’s Merge in 2023, the average annual percentage yield (APY) for staking ETH has ranged between 4% to 5.5%, with variations dependent on network activity and the total volume of staked ether. Staking remains an attractive option for Ethereum participants seeking a steady return on their assets.
Ethereum’s Staking Landscape Set to Grow
As Ethereum’s staking ecosystem continues to expand, it showcases the increasing interest and confidence in the network’s future. With a significant portion of the total ether supply now staked and liquid staking derivatives offering more accessible staking opportunities, Ethereum is poised to further solidify its position as a leading blockchain network. This ongoing growth may lead to further innovations and increased stability in the Ethereum ecosystem, benefiting both validators and the broader community.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
