Staked Ethereum Reaches Record Levels

The amount of Ethereum staked, the second-largest cryptocurrency by market capitalization, has reached a record high of approximately 35.12 million ETH—around 29% of the total available supply.

The number of validators has nearly reached 1.1 million.

The value of the locked cryptocurrency is estimated at $121.7 billion—more than 20% of the asset’s market capitalization.

The majority of the locked assets (25.7%) remain on the Lido platform. However, the protocol recorded a significant outflow of 119,332 ETH over the past month.

The largest inflow over 30 days, amounting to 316,185 ETH, was recorded by Ether.Fi.

According to CryptoQuant analyst data, of the total staked coins, 22.8 million ETH are held in “accumulation addresses,” wallets with little or no transaction history.

“This growth indicates increasing confidence and a continued decline in liquid supply,” noted the expert.

The increase in staked Ethereum coincides with a series of inflows into ETH ETFs. Total inflows into spot exchange-traded funds based on the asset since their launch amount to $3.88 billion.

Prominent technical experts and Ethereum advocates have stated that the second-largest cryptocurrency is significantly undervalued.