Key Takeaways
- The percentage of staked Ethereum (ETH) has reached a record high of 27.95%, despite a recent market decline.
- Liquid staking protocols have experienced substantial growth, with the Total Value Locked (TVL) increasing by over 1,200% this year.
The percentage of staked Ethereum (ETH) has reached an all-time high of 27.95%, despite a recent market decline. On July 21, ETH staking saw a brief dip from 27.58% to 26.82%, but it has since rebounded and surpassed previous records. This 1.9% increase in staked ETH coincides with the launch of ETH ETFs.
Interestingly, the rise in ETH staking has occurred independently of its price performance. Currently, ETH is priced at $2,539, down 23.41% over the past week. However, the proportion of ETH staked has increased from 26% to nearly 28%.
With 120.25 million ETH in circulation, this 2% increase in staked ETH represents a value of almost $7 billion. This trend has significantly impacted restaking and liquid staking protocols, which have seen substantial growth.
The Total Value Locked (TVL) in the liquid staking industry is currently $52.27 billion, a 60% increase from $32.68 billion at the beginning of the year. The liquid restaking sector’s TVL has surged by over 1,200%, from $1.34 billion to $18.65 billion during the same period.
Eigenlayer is a standout performer, with its TVL growing more than tenfold, from $1.4 billion in January 2024 to $15.97 billion by July.
