Nearly 39M ETH, valued at $80B, is now locked in staking, reducing circulating supply amid price declines.
Ethereum’s staking ratio surged to a record 32.42%, with 39M ETH, worth approximately $80B, locked in validators. This removes nearly one-third of the total supply from liquid markets, tightening availability for trading.
The previous high was below 30%, with staking activity accelerating in recent months. Analysts attribute the rise to increased validator participation and yield incentives, though ETH prices have not reflected the reduced liquidity.
ETH-USD traded lower following the data, extending a recent downtrend despite the supply constraint.