This week, Ethereum staking has reached a significant milestone, with more than 35 million ETH—over 28.3% of the total supply—now secured in the network’s proof-of-stake system, as reported by Dune Analytics.
Key Highlights:
- More than 35 million ETH, equating to 28.3% of total supply, is now staked.
- This increase follows favorable SEC guidance on staking, although the approval of Ether staking ETFs is still pending.
- Lido, Binance, and Coinbase are leading the staking market, raising concerns about centralization.
The notable increase in staked ETH occurs despite a generally subdued market, indicating a long-term commitment from holders and a reduction in the liquid supply.
In just the first half of June, over 500,000 ETH was staked. This trend suggests a behavioral shift among investors, many of whom prefer to earn yields rather than sell at current prices.
Ethereum Staking Strengthens ETH’s Position as an Asset
Experts believe that the rise in Ethereum staking is bolstering ETH’s status as one of the strongest digital assets available.
“The increase in ETH staking indicates growing confidence and reduced selling pressure,” commented pseudonymous analyst Onchainschool via CryptoQuant.
Wallets that have never sold their ETH now hold a total of 22.8 million coins, hitting an all-time high.
This surge is also linked to a recent change in U.S. regulations. In late May, the SEC clarified that staking activities based on protocols do not require registration under the Securities Act.
Many interpreted this news as a positive outcome for Ethereum and other proof-of-stake networks.
However, there are still uncertainties regarding the approval of Ether staking ETFs. The SEC has not yet approved Bitwise’s application to include staking in its ETF, having postponed the decision in May.
Currently, over 25% of all staked ETH is managed by liquid staking leader Lido, while Binance and Coinbase account for 7.5% and 7.4%, respectively.
Coinbase has also become the largest node operator in the Ethereum network, overseeing more than 11.4% of staked ETH through its validators.
Despite some concerns that liquid staking could lead to centralization risks if too much power is concentrated in a few platforms, institutional adoption is growing.
Ethereum Whale Accumulation Reaches a 7-Year Peak
Ethereum is experiencing a significant increase in whale accumulation, with large wallets adding more than 871,000 ETH in a single day on June 12.
This represents the highest daily influx in 2025 and has resulted in total holdings in wallets containing 1,000 to 10,000 ETH surpassing 14.3 million ETH, according to data from Glassnode.
This spike reverses a previous decline in whale activity and reflects renewed long-term confidence in Ethereum’s core fundamentals.
While ETH’s price remains stable, this substantial accumulation indicates that major players might be preparing for important developments in the ecosystem or macroeconomic changes.
Historical data suggests that such patterns of wallet activity often precede notable price increases.
Analysts propose that upcoming Ethereum upgrades, an increase in real-world asset tokenization, and the growing adoption of Layer 2 networks like Arbitrum and Optimism could be driving this trend.
Nonetheless, not all news is favorable. Ethereum-related companies, such as SharpLink Gaming, have faced challenges, with shares dropping 73% after registering shares for resale shortly after announcing a potential $1 billion allocation of ETH.
The article titled “Ethereum Staking Surges Despite Market Slump, Locking Over 28% of Supply” first appeared on Cryptonews.
