Ethereum has just blown past a thrilling new milestone! The overall value of ETH staked has broken above $70 billion, representing 28.3% of the cryptocurrency’s total supply. According to on-chain data, this threshold was candidly crossed late last week. The surge in staking activity, with significant involvement from whale wallets and corporate treasuries, underscores a growing commitment to the Ethereum network and confidence in its future potential.

Ethereum’s on-chain data validates that more than 35 million ETH are currently staked in staking contracts. This milestone highlights the increasing popularity of staking as a means for investors to participate in the network's operations and earn rewards. The steady and consistent growth in staking activity reflects a broader trend of investors seeking to actively contribute to the Ethereum ecosystem.

Whale wallets and corporate treasuries have been instrumental in getting us here. Their participation signals a deep conviction in Ethereum’s technological foundation and its potential as a long-term platform. This behavior further indicates that institutional investors are becoming more bullish on Ethereum as an investment-grade asset with meaningful upside.

Data shows that 22.8 million ETH are held by long-term addresses, meaning many investors are not only staking their ETH but holding onto their assets for extended periods. This ongoing bullish trend is a testament to the confidence that investors have in the Ethereum ecosystem. A large portion of Ethereum's supply is now dedicated to supporting the network's operations and security.

Ethereum staking recently reached an all-time high of 35 million ETH staked. This milestone is a testament to the deepening investor commitment. Progress toward this milestone makes the network more secure and efficient. It represents a maturing ecosystem that is driven by deep community support.