ETH Staking Hits Record High Following Pectra Upgrade

As of now, in 2025, the percentage of the total ETH supply that is staked has reached an unprecedented 29.39%. This marks a major milestone, bringing Ethereum closer to having one-third of its token supply staked. At the start of the year, only 28.1% of Ethereum's total token supply was staked, which even dipped to a low of 27.2% in March. However, in just three months, this figure has rapidly climbed to new heights, surpassing the previous record of 28.7% set in November 2024. The recent Pectra upgrade is believed to be a significant driver behind this upward trend that began after March. The upgrade has increased the maximum stake per validator from 32 ETH to 2,048 ETH, enabling larger staking providers to consolidate hundreds or thousands of smaller nodes into fewer high-capacity validators. This consolidation not only streamlines operations but also cuts down on hardware and operational costs. Looking ahead, Cboe's filings in March, which allow spot ETH ETFs to stake their assets, indicate that large institutional funds could soon start pouring new ETH into validators. Increased inflows into these staking ETFs are likely to further raise the staked supply percentage, enhancing overall security but also concentrating validator power among a select few regulated custodians. This information is sourced from The Block's Data & Insights newsletter, which delves into the statistics shaping the most intriguing trends within the industry. Disclaimer: The Block operates as an independent media outlet delivering news, research, and data. Foresight Ventures is a majority shareholder as of November 2023, investing in various crypto-related enterprises. The Block maintains its independence to provide objective and timely information about the crypto market. Financial disclosures are available on request.