Ethereum Staking Hits Record 35% of Total Supply

The Ethereum network has reached a milestone in its transition to proof-of-stake consensus, with over 43 million ETH now secured through staking. This figure represents approximately 35% of the total ETH supply.

This high staking ratio follows the Pectra upgrade, which enabled validators to increase their maximum effective balance from 32 ETH to 2,048 ETH through consolidations. The Beacon Chain, launched on December 1, 2020, initially functioned as a ledger of accounts that coordinated stakers before they validated real Ethereum blocks.

The network maintains stability by using a churn limit to throttle how much ETH enters or exits the system. This mechanism limits the amount of ETH that can enter or exit to 256 ETH per epoch, which equals about 57,600 ETH per day.