Figment Leaps Ahead in Institutional Staking After Pectra Upgrade

Figment has become a major player in institutional staking after the Pectra upgrade went live in May 2025. The upgrade allowed validators to hold up to 2048 ETH, reducing the number of validator nodes needed and lowering protocol traffic.

This scale comes as Lido Finance sees its Ethereum market share drop to 24.4%, down from its 32.3% high in late 2023. Figment manages more than $15 billion in staked assets and serves over 250 institutional clients, with a 99.8% participation rate on Ethereum.

The Pectra upgrade introduced several Ethereum Improvement Proposals (EIPs), including EIP-7251, which allows for the maximum effective balance of 2048 ETH, and EIP-7002, which lets users trigger a withdrawal or exit with a transaction on the execution layer.