The total volume of staked Ethereum has reached a historic peak of approximately 35.12 million ETH, representing nearly 29% of the circulating supply. The continued expansion of staking signals increasing investor confidence in the Ethereum network and its long-term value proposition.
Validator Count Approaches Milestone
According to on-chain data, the number of active Ethereum validators is now approaching 1.1 million. The value of ETH locked in staking contracts is currently estimated at $121.7 billion, accounting for more than 20% of the asset’s total market capitalization.
This trend reinforces forecast-based expectations that ETH’s liquid supply will continue to decline, potentially creating upward crypto price pressure in the medium to long term.
Staking Landscape and Platform Flows
Despite maintaining dominance with a 25.7% market share, staking platform Lido experienced a net outflow of 119,332 ETH over the past month. In contrast, Ether.Fi recorded the highest monthly inflow among major platforms, totaling 316,185 ETH.
A recent report by CryptoQuant highlighted that a substantial portion of staked ETH - approximately 22.8 million coins - is now held in so-called “accumulation addresses.” These wallets have limited or no transaction history, suggesting they belong to long-term holders rather than active traders.
Correlation With ETF Inflows
The record-breaking staking levels have coincided with sustained capital inflows into spot Ethereum ETFs. Since their launch, these investment vehicles have attracted $3.88 billion in net deposits, reinforcing bullish predictions for ETH’s institutional demand.
Market Implications and Expert Commentary
The increase in staked ETH, combined with a reduced liquid float, is likely to forecast structural supply constraints. Analysts suggest that if current trends continue, Ethereum’s deflationary mechanics could amplify any demand-side movements.
Key observations from current staking trends include:
- The total value of staked ETH now exceeds $121 billion.
- Validator participation nears 1.1 million.
- Long-term holders are accumulating ETH via staking.
- Ether.Fi leads platform inflows for the month.
- Spot ETH ETFs report nearly $4 billion in net deposits.
Notably, several Ethereum developers and core community members have reiterated that ETH remains fundamentally undervalued. The staking surge, paired with expanding ETF interest, supports this perspective and contributes to revised forecasts for long-term asset appreciation.
