According to BeaconChain data, as of June 8, over 34.6 million Ether (ETH) have been locked in Ethereum’s proof-of-stake (PoS) system, with a total value approaching 90 billion USD. These staked Ether account for approximately 28% of the total supply (around 120.8 million).
Source: BeaconChain
Amir Forouzani, co-founder of Ethereum liquid staking protocol Puffer Finance, stated in an interview with The Defiant that the surge in Ethereum staking is mainly driven by two key forces: the rise of liquid staking and increased institutional participation. He noted:
He added that the inflow of funds from asset management firms and potential exchange-traded fund (ETF) issuers has been steadily increasing, highlighting the growing confidence in Ether as a yield-generating, programmable asset. According to data from Staking Rewards, the ETH staking rewards offered by different platforms range from approximately 2% to 4%.
Forouzani further mentioned that several clients at Puffer Institutional are preparing to restake large amounts of ETH, stating, “With the acceleration of institutional adoption, we expect the total staking amount to rise further.”
Davis Richardson, managing partner at Paradox Public Relations, also echoed this sentiment, describing the record-high staking volume as a symbol of the market’s “great confidence” in the longevity of the Ethereum network. He stated:
He pointed out that Ethereum still maintains a first-mover advantage, which the market recognizes, and believes that “in the short term, the total locked value (TVL) may reduce selling pressure, especially as BlackRock reallocates its assets for its iShares Ether fund product. Investor appetite for yields is also increasing—something that Bitcoin currently cannot provide.”
As of the time of this article’s publication, the trading price of Ether was $2,689, having risen by 7.8% in the past 24 hours.