The number of coins staked in Ethereum has reached a new all-time high. Currently, 35.8 million ETH are locked in the Beacon Chain, representing 29.57% of the market supply of the second-largest cryptocurrency.

Source: Validator Queue.

In dollar terms, this figure exceeds $118 billion. The previous record of 29.54% was recorded in July 2025.

The number of active validators stands at 976,117, with an additional 2.3 million coins queued for entry. Meanwhile, the exit queue remains at historical lows, indicating a lack of selling pressure.

The market leader continues to be the liquid staking protocol Lido Finance, which accounts for about 24% of all staked assets.

Institutional Factors

Key growth drivers include major players and issuers of exchange-traded products:

  1. BitMine. The firm led by Tom Lee owns 4.07 million ETH (3.36% of total issuance). Over the past week, the company has doubled its staked assets to 1.53 million ETH.
  2. ETF. Grayscale has started distributing staking rewards to investors in its funds. Morgan Stanley filed an application to launch a spot Ethereum ETF with a staking option, confirming asset managers' interest in passive income from blockchain.

Amid institutional activity, the price of the second-largest cryptocurrency rose by 5.5% in one day, reaching $3,320.

15-minute ETH/USDT chart from Binance. Source: TradingView.

Recall that on January 14, Ethereum tested $3,350 following a record influx of new users to the blockchain.