Ethereum network activity has surged to its highest level in a year following new guidance from the U.S. Securities and Exchange Commission suggesting liquid staking services may not be classified as securities.
Over 36 million ETH is now staked on the network, representing nearly 30% of Ethereum’s total supply. This milestone reflects growing confidence among Ether holders amid regulatory clarity that appears favorable for liquid staking adoption.
The guidance came specifically from the SEC’s Division of Corporation Finance, which stated that under certain conditions, liquid staking operations might not constitute securities offerings. While the statement represents only the division’s stance and not the full commission, it has already encouraged significant growth in staking participation.
Increased transaction volumes coincide with this expanding staking ecosystem, highlighting strengthened network engagement as Ethereum continues evolving its proof-of-stake infrastructure.