Ethereum staking surges to an all-time high despite recent price declines and waning institutional demand.
Ethereum’s staked supply reached a record 39.69 million ETH, signaling renewed investor interest in yield generation amid price weakness. The increase follows a decline in staked ETH between mid-April and mid-May.
Prior to this rebound, staked ETH had dipped as market sentiment softened, but the latest data suggests holders are locking up tokens to earn rewards rather than liquidating positions. The trend contrasts with weakening institutional demand observed in recent weeks.
No immediate market reaction was reported, though the rise in staked ETH may reflect a shift in investor strategy toward passive income streams.