- Staked ETH reached an all-time high of 34.8M, signaling rising investor preference for long-term yield over selling, as Ether reclaimed the US$2.8K level amid institutional inflows.
- Lido’s staking dominance continues to decline, now holding 25.6% market share, while ether.fi gained 16% in a month, reaching 2.25M ETH in restaked assets.
- The rise in staking coincides with ongoing discussions around allowing Ethereum spot ETFs to offer staking, potentially reshaping ETF structure and market dynamics.
Staked Ether (ETH) has hit an all-time high shortly after its price surpassed the US$2.8K (AU$4.2K) level today. On Sunday, the Beacon Chain recorded 34.65 million ETH locked in staking contracts, surpassing the previous peak set in November 2024, according to Beaconcha.in
The staking total has hovered above 33 million for the past year, with renewed uptick registered in the past couple of weeks, according to Dune Analytics. The platform reports 34.8 million ETH staked as of Monday.
All in all, this increase in staked ETH means investors are locking up their funds to generate yield in the long term, therefore lowering the immediate sell pressure because there’s no need to offload them on the open market.
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That shift coincides with Ether’s price recovering to a 12-day high and a notable run of inflows into institutional products.
Lido’s Ethereum Staking Crown Erodes as Ether.fi Gains Momentum
Lido’s grip on Ethereum staking continues to loosen despite still leading the sector, with 8.94 million ETH under management. Its market share now stands at 25.6%, down two percentage points over the last month and nine points since the start of the year, as per data from DefiLlama.
Binance and Coinbase follow as the top centralised platforms, with 2.65 million and 2.59 million ETH staked, giving them a combined presence of over 15%. But the most notable momentum comes from ether.fi, which has added 16% in the past month alone, now managing 2.25 million ETH in restaked assets.
The surge in staked Ether comes as many Ethereum spot ETFs are prompting the US Securities and Exchange Commission (SEC) to enable staking for these vehicles, which would drastically change the way they operate.
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