The share of Ethereum (ETH) locked up in staking just hit a new all-time high at 34%, according to ForkLog. This is the first time the network has seen such a high percentage, reflecting growing interest from market players in locking up their coins long-term to support the network and earn rewards.

ETH Staking Sets New Record

ForkLog reports that 34% of all issued Ethereum tokens are now staked. That’s the highest level since staking launched on Ethereum. This surge signals user confidence in the protocol and shows how attractive passive income from staking has become.

Impact on the Ethereum Ecosystem

With more ETH getting locked up, there’s less liquidity on the market. The more coins staked, the fewer are left for trading, which can affect price action and activity across the ecosystem.

What This Means for ETH Holders

As staking heats up, competition among validators and staking platforms is likely to rise. For ETH holders, this means more ways to earn yield while supporting the blockchain’s security and operations.