Ethereum Staking Statistics & Trends in 2025

Top 8 Ethereum Staking Statistics and Trends

Ethereum, the largest Proof-of-Stake (PoS) network, secures 33.8 million ETH, shaping liquidity, validator incentives, and network security. Staking isn’t just about yield, it determines how capital moves through Ethereum while introducing decentralization risks.

The rise of liquid staking, restaking, and institutional participation is shifting validator control and staking dynamics. These trends affect rewards, market share, and overall network stability, driving new competition between protocols and centralized platforms.

Using Dune data and on-chain analytics, we analyzed staking flows, market shifts, and reward structures to highlight the most critical trends. These insights reveal how investors, validators, and protocols are adapting to Ethereum’s evolving PoS economy.

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1. Over 33.8 Million Ethereum is Being Staked

As of 2025, 33,841,020 ETH is staked in Ethereum’s proof-of-stake system, representing approximately 27.57% of the total ETH supply. The staking rate has grown consistently since Ethereum’s transition to proof-of-stake, with notable acceleration following the Shanghai upgrade in 2023.

Validator participation has also expanded, with 1,057,532 active validators securing the network. The staking ecosystem includes over 940 distinct entities, spanning centralized exchanges, liquid staking protocols, custodial services, and independent validators.

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2. Ethereum Staking Net Flows Have Stabilized Since Merge

Following the Shanghai upgrade in April 2023, Ethereum staking saw an initial surge in withdrawals, driven by exit demand from validators locked since the Beacon Chain launch. This was followed by a massive increase in deposits, leading to net bi-weekly inflows peaking above 1 million ETH in mid-2023.

Since late 2023, net staking flows have fluctuated, with periodic spikes in deposits and withdrawals, reflecting market conditions and reward cycles. While short-term fluctuations continue, staking activity has stabilized near equilibrium, indicating a mature validator structure adapting to unlocked liquidity.

As of 2025, the net flows since the so-called Ethereum Merge have reached 12,965,206 ETH, however the overall trend indicates a gradual decrease staking inflows.

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3. Lido Has 27.7% Market Share for Ethereum Staking

Lido, the top liquid staking platform, remains the largest Ethereum staking provider, controlling 27.7% of total staked ETH with 9.41 million ETH. However, its market share has declined 4% over six months, reflecting slower growth and increased withdrawals.

Centralized exchanges like Coinbase (8.4%) and Binance (6.4%) continue to lose market share, while ether.fi (5.3%) and Kiln (3.9%) are gaining traction, as liquid restaking protocols and staking pools steadily erode Lido’s dominance.

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4. Liquid Staking is the Largest ETH Staking Category

Liquid Staking accounts for 31.1% of all staked ETH, making it the dominant staking method. Centralized exchanges (CEXs) follow at 24.0%, with staking pools (17.7%). The complete ETH staked breakdown in 2025 is as follows:

• Liquid Staking: 10.53M ETH (31.1%), the largest share among staking categories.
• CEXs: 8.13M ETH (24.0%), maintaining a major role despite withdrawals.
• Staking Pools: 5.98M ETH (17.7%), offering institutional and enterprise solutions.
• Unidentified: 6.79M ETH (20.1%), representing unstated or off-chain entities.
• Liquid Restaking: 2.24M ETH (6.6%), a growing category with new demand.
• Solo Stakers: 0.18M ETH (0.5%), a shrinking segment due to higher capital and technical requirements.

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5. EigenLayer Leads the Ethereum Restaking Sector

EigenLayer dominates Ethereum restaking, holding 4.4 million ETH in total value locked (TVL), which represents 89.1% of all restaked assets. Its TVL stands at $12.03 billion, considerably outpacing competitors like Symbiotic ($1.03 billion, 7.6% share) and Karak ($442 million, 3.3% share).

Architecturally, EigenLayer focuses on Ethereum-native restaking, enabling both ETH and liquid staking tokens (LSTs). In contrast, Symbiotic employs a modular security model with optional participation, while Karak accommodates a wider variety of assets, including L2 tokens and stablecoins.

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6. Most Ethereum Was Staked at $1,600 to $1,900

The largest share of staked ETH was deposited when Ethereum's price was $1,900, with 6.16 million ETH staked at this level. Other significant staking concentrations occurred at $1,800 (4.79M ETH) and $1,600 (3.76M ETH), showing strong accumulation at lower price levels.

Top Price Buckets For Staking ETH:

1. $1,900: 6.16M ETH staked, the highest staking concentration.
2. $1,800: 4.79M ETH staked, reinforcing accumulation at lower prices.
3. $1,600: 3.76M ETH staked, another key level.
4. $3,500: 2.62M ETH staked, the highest among underwater deposits.
5. $3,300: 2.55M ETH staked, another major underwater level.

While most ETH was staked below $2,000, a notable portion was also staked above $3,000, meaning a large group of stakers is currently at a loss. The distribution suggests that early stakers secured lower prices, while later entrants, possibly during bull market peaks, took on greater risk.

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7. Coinbase has the Most Staked ETH for Centralized Exchanges

Coinbase leads centralized exchange staking with 2.86 million ETH, representing 35.19% of the CEX market, followed by Binance (2.16 million ETH, 26.56%) and Kraken (1.01 million ETH, 12.38%).

While these three dominate, smaller players such as Bitcoin Suisse (6.36%), OKX (6.01%), and Upbit (5.07%) continue to hold meaningful stakes.

Beyond the top six, market share becomes fragmented, with Bitstamp (2.52%), CoinSpot (1.69%), and Gate.io (0.66%) among the next largest. Exchanges like Bitfinex, Revolut, KuCoin, Poloniex, and Bitget maintain small but active staking positions, while Gemini and BlockFi currently report no staked ETH.

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8. Ethereum Staking Yields Remain Below 8%

Ethereum staking APY has remained below 5% for most of the past three year, with occasional spikes due to MEV and fee revenue surges. The most noteworthy increases occurred during network congestion and high transaction fee periods, temporarily pushing yields above 10%.

Since early 2023, the majority of staking yield has come from issuance rewards, while MEV and fees provide smaller but variable contributions. While staking remains a reliable yield source, returns fluctuate based on network demand and validator participation, impacting overall profitability.

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How Does Ethereum Staking Work?

Ethereum staking involves locking up ETH to participate in network validation, securing transactions, and earning rewards. A full Proof-of-Stake validator requires 32 ETH, but alternatives like staking-as-a-service, pooled staking, and centralized exchange staking allow participation with smaller amounts.

Validators are responsible for proposing and attesting to blocks, ensuring consensus and preventing fraud. In return, they earn rewards from new ETH issuance, transaction fees, and MEV opportunities, with penalties for inactivity or malicious behavior.

Staking methods vary in decentralization and risk: home staking offers full control, staking pools provide liquidity via tradable tokens, and CEX staking prioritizes ease of use but concentrates stake in fewer entities. Since the Shanghai Fork, validators can withdraw staked ETH, increasing liquidity and flexibility.

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How Much Will You Earn Staking Ethereum?

Ethereum staking yields vary based on staking method, network activity, and validator participation. As of 2025, APYs typically range from 3% to 5%, but actual returns depend on how rewards are distributed.

How ETH Staking Rewards Are Earned:

• Direct validator payouts: Solo and pooled stakers earn rewards through ETH issuance, transaction fees, and MEV, which are credited directly to validator balances.
• Value appreciation model: Liquid staking derivatives tokens (LSDs) like stETH, rETH, and cbETH accumulate rewards by increasing in value rather than distributing payouts.
• Exchange-based staking: Centralized exchanges offer fixed APYs with periodic distributions, but may charge fees or impose withdrawal restrictions.

To calculate potential earnings, use our staking calculator, which factors in deposit size, APY, and duration. For example, staking $10,000 at 5% APY for 1.5 years would yield $750 in interest, bringing the total to $10,750, though LSDs would reflect this as price appreciation instead of direct payouts.

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Why is Staking ETH Risky?

Ethereum staking carries risks related to validator penalties, liquidity constraints, and counterparty trust. While staking provides yield, participants must weigh the potential downsides of different staking methods.

Key risks to consider:

• Slashing and penalties: Solo stakers can lose ETH for going offline, failing attestations, or acting maliciously, though routine downtime results in minor losses.
• Liquidity lockups: Staked ETH, especially in direct validator setups, is locked and subject to withdrawal queues, limiting access to funds during market volatility.
• Smart contract risk: Staking via liquid staking protocols or centralized exchanges exposes users to protocol failures, smart contract bugs, and custodial risks.

Understanding these risks helps stakers choose between self-managed validators, pooled staking, and liquid staking, balancing security, flexibility, and yield potential.

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Final Thoughts

Ethereum staking has reached a pivotal stage, with billions in staked ETH securing the network across a diverse range of validators and protocols. The rise of liquid staking, restaking, and shifting validator distributions reflects changing incentives and participation models.

Looking forward, the Pectra upgrade, expected in April 2025, will raise the validator balance limit from 32 ETH to 2,048 ETH, reducing the need for node operators to run multiple validators.

Additionally, EIP-7002 will enable smart contract-controlled validator withdrawals, improving staking pool efficiency and trustless exit mechanisms.