Ethereum staking has reached a record-breaking milestone this week, with over 34.7 million ETH now locked on the network’s Beacon Chain. This figure represents nearly 30% of Ethereum’s current circulating supply, which stands at approximately 120.8 million ETH. The surge in staking activity has been steady since June, according to data from Beaconcha.in, marking a renewed wave of investor confidence in the network despite ETH not reaching a new all-time high.
Ether staking reaches new record. Source: Beaconcha.in
The steady growth in staked Ethereum also suggests that long-term holders are opting to earn yield rather than liquidating their holdings at current price levels. This reflects a broader market sentiment of accumulation and commitment to Ethereum’s long-term value proposition, especially amidst speculation surrounding upcoming regulatory developments.
Institutional Accumulation on the Rise
The jump in staked Ethereum aligns with growing institutional interest, notably from major asset managers. BlackRock’s iShares Ethereum Trust (ETHA) has seen 23 consecutive trading days without outflows, a sign of strong accumulation and conviction. This is interpreted by analysts as a signal of preparation ahead of the much-anticipated greenlight for spot Ethereum ETFs in the United States.
ETF provider REX Shares recently filed for a spot Ethereum ETF with built-in staking features, reportedly using “regulatory workarounds.” If approved, these ETFs could allow traditional investors to gain exposure not only to Ethereum’s price but also to its staking yield, a compelling value proposition in the current yield-hungry investment climate.
Price Rebounds to Two-Week High
ETH prices surged more than 8% in 24 hours, breaking back above the $2,700 mark on Tuesday — a level last seen on May 29. The $2,700 resistance zone has been tested four times in the past month, making this breakout a potentially pivotal moment for Ethereum’s short-term trajectory. However, sustained momentum above this level is necessary to confirm a bullish reversal.
ETH prices have surged over the past few hours. Source: TradingView
Despite trading well below its all-time high of over $4,800, Ethereum has seen a 50% price gain over the past two years, while staking has soared by 77% in the same period. This disconnect highlights how investor focus may be shifting from short-term price action to long-term yield and network participation.
Inflation Returns, But Staking Strengthens Network Resilience
According to Ultrasound.Money, Ethereum issuance turned inflationary again in February 2025. Yet, the network’s resilience remains intact due to high staking levels, which enhance security and economic stability. At nearly 29% of supply now staked, Ethereum’s proof-of-stake system is proving its robustness even during periods of modest price action and changing tokenomics.
The current staking trend underlines Ethereum’s evolving role not just as a digital asset but as a yield-generating financial infrastructure. With staking participation growing, the network’s decentralisation and security continue to strengthen — a reassuring factor for both retail and institutional investors.
Ethereum’s staking ecosystem has reached historic levels, underscoring growing investor confidence and institutional engagement. As ETH reclaims the $2,700 price level and spot ETF approvals loom on the horizon, the market appears to be entering a pivotal phase. Whether this staking milestone becomes a launchpad for a broader rally remains to be seen, but for now, the fundamentals of Ethereum look stronger than ever.
