Staked Ethereum Soars to Record High—Nearly a Third of Supply Locked as Price Jumps 9%

Ethereum''s staking frenzy hits unprecedented levels—28% of all ETH now sits staked, just as the asset rallies nearly double-digits. Traders cheer the yield while skeptics whisper ''greater fool theory.''

Proof-of-stake purists win big: The network''s security backbone now represents over a quarter of circulating supply. Meanwhile, Wall Street still can''t decide if crypto is an asset class or a meme.

Price action fuels the fire—that 9% surge didn''t hurt adoption. Watch for staking derivatives to eat more market share as institutions chase yield (and pretend they understand smart contracts).

Lido remains the leading staking entity, with 8.94 million ETH staked, accounting for 25.6% of the total market share. Centralized exchanges Binance and Coinbase follow, with 2.65 million and 2.59 million ETH staked, respectively, representing a combined share of over 15%.

Notably, ether.fi, a liquid restaking platform, continues to gain traction with 2.25 million ETH, up 16% over the past month.

Beaconcha.in data shows consistent staking growth since Ethereum’s Beacon Chain launch, with accelerated deposits following the Merge and Shapella upgrade. The staking rate has climbed steadily over the past year, coinciding with more sophisticated restaking strategies and the expansion of staking service providers.

The staking milestone arrives as the ETH price surged 9.5% in the past 24 hours to $2,758. The move follows a temporary plateau earlier this month and rising market volumes and upward momentum since June 9.

Despite Lido’s dominance, its share is down 2% over the past month and 9% over six months, reflecting broader diversification in the staking landscape.

Platforms such as Blockdaemon and Rocket Pool show strong medium-term growth, with the former up 85% over six months, signaling increased adoption of decentralized and institutional staking options.