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Ethereum staking hits record 33%, locking up a third of all ETH and shrinking circulating supply.

Protocol Fundamentals
16 Jun 2026
Crypto Briefing
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Bullish
Ethereum staking hits record 33%, locking up a third of all ETH and shrinking circulating supply.

Ethereum's staking ratio has reached a new all-time high of approximately 32.7%, meaning nearly one-third of all ETH tokens—about 39.5 million ETH worth $70-80 billion—are now locked in staking contracts. This reduces the circulating supply as more ETH is staked, despite shrinking validator rewards which have fallen to 1.8%-3% APR from higher early returns. Liquid staking protocols have made it easier to participate, allowing staking of any amount and providing liquid tokens for use in DeFi. Investors should watch staking yield trends and validator distribution closely, as further yield drops could lead to unstaking and centralization risks may affect governance and security. Compared to other Layer 1 networks like Solana, Ethereum still has room to grow its staking participation.

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