The Ethereum beacon chain has achieved a significant milestone with over 36 million Ether (ETH) now staked in its proof-of-stake consensus mechanism. This represents 29.15% of Ethereum’s circulating supply and demonstrates robust network participation since the transition to proof-of-stake.
Data reveals a net inflow of 17.91 million ETH into staking following the Shanghai upgrade, which enabled withdrawals. This sustained growth indicates strong confidence in Ethereum’s staking infrastructure despite withdrawal capabilities being operational.
Lido Finance maintains market leadership with a 25.21% share of the total staked ETH, solidifying its position as the dominant staking service provider. The protocol’s continued dominance underscores its pivotal role in Ethereum’s ongoing security and network validation processes.