Ethereum Staking Reaches All-Time High of 43.8 Million ETH
Written with artificial intelligence.
As of the end of Q3, the amount of staked Ethereum has reached a record 43.8 million ETH, accounting for 35.90% of the total supply. This quarter saw a net inflow of 1.99 million ETH staked, marking the sixth consecutive quarter of positive inflows.
Record Staking Levels
According to the latest staking report from Bitwise, Ethereum's staked volume has achieved an all-time high of 43.8 million ETH, which makes up 35.90% of the total supply as of the end of Q3. This reflects a significant increase in interest in staking Ethereum, underscoring its growing importance in the ecosystem.
Continued Inflows
During this quarter, the net inflow of staked Ethereum was 1.99 million ETH, continuing a trend of six consecutive quarters of positive net inflows. This sustained growth indicates strong confidence among investors in Ethereum’s staking mechanisms.
Declining Yield and Validator Count
However, there are some shifts in the staking landscape. The gross yield for staked Ethereum has dropped from 2.81% in the previous quarter to 2.63%. Additionally, the number of active validators has decreased from approximately 1.1 million to 881,000. Bitwise attributes this decline to the consolidation of validators by node operators following the Pectra upgrade.