Ethereum Staking Hits $132.5 Billion with 29.5% of Supply Locked Despite Recent Dip

As of July 23, data from validatorqueue.com reveals that more than 35.67 million ETH are actively staked, equating to an estimated value of $132.5 billion. This figure accounts for nearly 29.5% of Ethereum’s circulating supply, underscoring the significant commitment within the network. Despite a marginal decline in staking activity recently, the overall volume remains elevated, reflecting sustained confidence in Ethereum’s proof-of-stake consensus mechanism. This persistent high level of staked ETH highlights the growing institutional and retail participation, which is crucial for network security and decentralization. Investors and market analysts continue to monitor these metrics closely, as staking trends often serve as indicators of broader market sentiment and liquidity dynamics within the crypto ecosystem.