Over One-Third of Ethereum Supply Staked, Data Reveals

Over One-Third of Ethereum Supply Staked, Data Reveals

Over one-third of Ethereum supply staked as the data has revealed representing 33.9% of the total Ethereum supply.

The world’s second-largest cryptocurrency by market capitalization, Ethereum (ETH), has experienced a significant surge in the amount of ETH staked within Ethereum 2.0, reaching a record high of 47.38 million ETH.

Data from on-chain analytics firm Santiment reveals that this amount has more than tripled from approximately 10.9% of Ethereum’s supply staked in the ETH2 Beacon Deposit Contract two years ago, now valued at over $140 billion.

The ETH2 Beacon Deposit Contract, which facilitates staking deposits for Ethereum 2.0, currently holds an all-time high of 47.36 million ETH, equating to 33.9% of the total supply, a significant increase from the 10.9% held two years prior.

Ethereum 2.0 Staking

Staking in Ethereum 2.0 has surged as more users allocate their funds to become validators, locking up their ETH to help secure the network under its new Proof-of-Stake consensus algorithm. In return, validators earn staking rewards. Despite this increase, ETH remains a deflationary cryptocurrency due to an earlier upgrade that burns transaction fees.

Santiment’s data also highlights a shift in how Ethereum is held. Wallets containing over 10 million ETH or more, primarily the Beacon Deposit Contract, have seen their share of the total supply increase by 23% over the past two years. Conversely, holdings in smaller and mid-tier wallets (excluding the Beacon Deposit Contract) have declined, indicating a movement towards staking.

Long-term ETH Investors

Additionally, long-term ETH investors, who have held their funds for more than a year, now control around 78% of the circulating supply. These long-term holders are less likely to sell their coins compared to newer investors.

This long-term holder (LTH) dominance trend is viewed as a bullish sign for Ethereum, suggesting growing investor confidence. The significant concentration of ETH in long-term holdings effectively reduces the amount of cryptocurrency in circulation, thereby limiting potential downward pressure on the price.


To conclude, over one-third of Ethereum supply staked with the significant increase in Ethereum staking within Ethereum 2.0 highlighting the growing confidence and commitment among long-term investors. This trend towards staking and long-term holding is seen as a bullish indicator, potentially reducing the circulating supply and supporting Ethereum’s price stability and future growth. With more users becoming validators and securing the network, Ethereum’s shift to a deflationary model further strengthens its position in the cryptocurrency market.

Leave a Comment

Your email address will not be published. Required fields are marked *