Ethereum staking hits record 34,8 million ETH, boosting price

• Ethereum Staking Reaches 34,8 Million ETH
• Lido loses space to liquid restocking
• ETH rises 9% to $2.758

Total staked ETH reached 34.824.875 coins on Tuesday (10), which corresponds to 28,15% of the entire supply of Ethereum currently locked in validation contracts. The milestone was confirmed by panels from Dune Analytics , which also point to 1.088.277 active validators on the network.

Ethereum staking has just reached an all-time high.🔥

With a record 34.65M ETH now locked representing nearly 30% of the total circulating supply.

It's a clear signal of rising conviction in Ethereum's long-term value and bullish momentum. pic.twitter.com/uIc2h3vjrl

— Lucky (@LLuciano_BTC) June 10, 2025

The leadership remains with Lido, holder of 8,94 million ETH (25,6% of the market), while the centralized exchanges Binance and Coinbase together have just over 5,2 million ETH — around 15% of the total staked.

Among emerging providers, liquid staking platform ether.fi is maintaining the fastest pace: 2,25 million ETH staked, up 16% compared to May. The growth reflects the rise of liquid staking tokens (LSTs) that allow liquidity to be recycled into DeFi products without giving up the protocol’s native yield.

The surge comes amid a 9,5% appreciation in the price of ETH, which reached US$2.758 in the last 24 hours. Analysts attribute the movement to the increase in trading volume since June 9, coupled with expectations of new ETFs with a staking component in the United States.

Despite its dominance, Lido's share shrank by 2% last month and 9% since December, signaling the natural diversification of the ecosystem. Solutions such as Blockdaemon and Rocket Pool are advancing consistently — the former jumped 85% in six months, driven by institutional demand.

For Amir Forouzani, co-founder of Puffer Labs, two vectors explain the new historic high: “Yield-bearing derivatives such as liquid staking tokens (LSTs) and liquid restoring tokens (LRTs) let holders keep their ETH liquid while using it in leverage and looping strategies on lending protocols, amplifying returns”.

The deposit history has been on an upward trajectory since the Beacon Chain debuted in 2020, with spikes following the Merge, Shapella, and Dencun upgrades. As restaking strategies become more sophisticated and more providers enter the market, the staking rate has continued to grow, reinforcing ETH’s appeal as a yield-generating asset within the protocol itself.

The combination of stable profitability, secondary liquidity, and institutional interest suggests that the current 28% staked supply may not be the ceiling. If the trend continues, validators could surpass the 1,2 million mark before the end of the half-year, cementing Ethereum as the benchmark for stake-based security.