About 41.4 million ETH, roughly 34% of circulating supply, is now staked, an all-time high, while seven-day staking APR has fallen to 2.66% from a 5.06% peak in June 2023 because fixed issuance is split across ever more validators.
Read the full story: Ethereum staking hits record 34% as yields sink to 3-year low →
Transcript
A third of all ether is now locked up securing Ethereum. Forty one point four million coins, about thirty four percent of supply, an all time high. And the reward for doing it has never been worse. Staking now pays about two point six six percent, down from over five percent back in twenty twenty three. That is not a malfunction. Ethereum issues a fixed amount of new ether and splits it among however many validators show up. More stakers, thinner slices. Here is the part worth watching. One company, Bitmine, holds roughly twelve percent of all staked ether, financed with preferred stock paying nine and a half percent. They earn two point six six and they owe nine point five. That only works while the price keeps climbing.