Ethereum staking surpasses 35 million ETH, securing $91 billion valuation

Ethereum staking has reached a new milestone, with over 35 million ETH now locked across various platforms, according to Dune Analytics data.

This accounts for nearly one-third of the crypto’s total supply and reflects a growing preference among holders to earn passive rewards by securing the network.

Lido remains the largest staking provider, holding 8.94 million ETH, roughly 25.6% of the total market share.

The liquid staking platform is followed by Binance and Coinbase, two leading centralized crypto exchanges.

According to the data, Binance and Coinbase control 2.65 million and 2.59 million ETH, respectively. The two exchanges account for over 15% of the total staked amount.

Market observers have linked the increase in staked ETH to a recent regulatory update from the US Securities and Exchange Commission (SEC), which clarified that different staking mechanisms are not subject to existing securities laws.

This clarification removed a significant source of legal uncertainty, making it easier for individuals and institutions to participate without fear of regulatory backlash.

Staking strengthens Ethereum’s security

Beyond yield generation, staking is critical in Ethereum’s security model. As more ETH is staked, the cost of compromising the network grows.

Dune Analytics data shows that Ethereum’s economic security, the total dollar value of staked ETH, now exceeds $91 billion.

For an attacker to carry out a 51% attack, they must control most of the staked ETH. This would demand over $46 billion in ETH at current prices of over $2,600, making such an attempt economically irrational.

So, the growing volume of staked ETH not only signals user confidence but also strengthens the resilience of Ethereum’s proof-of-stake ecosystem.