One out of every three ETH tokens in existence is now staked. Ethereum’s staking ratio has climbed to approximately 32.7%, marking a new all-time high for the network’s proof-of-stake economy.
That translates to roughly 39.5 million ETH locked in staking contracts, worth somewhere in the neighborhood of $70-80 billion at recent prices.
The numbers behind the lock-up
Ethereum’s staking ratio first crossed the 30% threshold in April 2026. It took just a couple of months to push past 32%. The ratio sat around 26% at the start of 2024, a jump of roughly seven percentage points in about two and a half years since the Merge transitioned Ethereum to proof-of-stake and the Shanghai upgrade allowed withdrawals.
The network now has more than 890,000 active validators processing transactions and securing the chain. Each validator requires 32 ETH to participate.
