Crypto Mining

Currently, over $115 billion of Ethereum is staked on the beacon chain.

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Updated: March 5, 2024, 12:27 AM EST

There are currently over 31.5 million Ethereum staked. Ethereum ETH

+7.52%
Beacon Chain, the proof-of-stake consensus layer, is worth a total of $115 billion.

The amount of Ether staked on the beacon chain is nearly 26% of the supply, with over 980,000 individual validator stakes involved.

After the recent rise in the price of ETH (currently $3,700), the total value of staked assets now exceeds $115 billion. This is a significant portion of ETH’s $440 billion market capitalization, highlighting Ethereum’s economic stability.

Economic security is important in proof-of-stake networks such as Ethereum, which transitioned to PoS with The Merge.

The idea here is that in order to attack the network, for example by canceling transactions or performing double-spending attacks, a company would need to control at least half of the total validator stake, or $57 billion. This amount represents a significant financial hurdle, making such an attack economically impractical.

The surge in Ether staking was largely influenced by the Shapella upgrade in April 2023. This allowed users and validators to withdraw their staked Ethereum, and after the upgrade, staked ETH reached over 11 million.

The introduction of liquid staking solutions such as Lido and Rocket Pool has further promoted staking by allowing amounts under 32 ETH to be staked and staked assets to be used as collateral in DeFi. Lido Finance validators currently account for over 31% of total ETH staked.


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© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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