Ethereum Staking Reaches 34M ETH as Validator Count Nears 1.1 Million

Ethereum now has 34M ETH staked with 1.06M active validators, showing continued growth and strong participation in the network’s PoS model.

Ethereum has seen a steady increase in the amount of staked ETH on its network, recently reaching 34,015,088 ETH, according to recent data.

Notably, there are 1,062,985 active validators spread across the network, each contributing to maintaining Ethereum’s decentralized system. The average balance per validator stands at 32.06 ETH, which meets the minimum threshold for staking.

The consistent upward trend in staked ETH, visualized by a gradual slope in the data, indicates strong participation from stakeholders. Notably, this growth in validator count has kept pace with the rise in staked ETH, reflecting a stable network.

The growing amount of staked ETH is a positive sign for Ethereum’s long-term security. As more ETH is locked up in staking contracts, the circulating supply of ETH in the open market decreases. This can potentially create supply-side pressure, particularly during periods of strong demand, leading to possible upward pressure on ETH’s price.

9.84% Growth Over Last 90 Days

The recent change indicators show a 9.84% increase in ETH staking over the past 90 days, suggesting a surge in validator participation. Over shorter periods, such as 7 and 30 days, the rate of increase was +0.26% and +2.45%, respectively.

Shifts in Market Share and Key Players

The distribution of staking entities reflects changes in market share. While a significant portion of ETH staking, labeled “Unknown,” continues to account for more than 60% of the market, certain players have seen notable growth. Lido, a liquid staking protocol, has seen its market share expand significantly, with a 13.41% increase in the last 30 days. 

On the other hand, centralized entities like Coinbase and Binance have experienced slight but consistent growth, with increases of +0.64% and +12.85%, respectively. Ether.Fi witnessed an impressive surge of +405.54%, signifying strong recent traction in staking participation.