Ethereum hit a new milestone this week, with over 35 million ETH staked following the recent Pectra upgrade and the rollout of Ethereum Improvement Proposal 7251 (EIP-7251), which revamped the network’s staking system.
According to data shared by Leon Waidmann, head of research at OnchainQ, Ethereum staking has reached a new all-time high, with over 35 million ETH staked.
In June alone, over 500,000 ETH were added to staking, and accumulation wallets now hold a record 22.8 million ETH, showing strong long-term confidence.
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This surge is driven by a key change in validator rules. According to Everstake, the recent EIP-7251 upgrade raised the maximum effective balance per validator from 32 ETH to 2,048 ETH, encouraging more ETH to be staked.
Since May 9th, just two days after the Pectra upgrade, the number of validators staking more than 32 ETH has increased from zero to over 1,000, collectively holding more than 600,000 ETH—and the number continues to grow, according to Everstake.
Reportedly, EIP-7251 allows validators to combine their stakes, reducing the total number of nodes.
This reduction, they claim, enhances consensus efficiency, speeds up synchronization, and improves the network’s overall performance.
Why This Matters
Ethereum reaching a record 35 million ETH staked signals growing trust and commitment from the community, reinforcing the network’s security and stability. When more ETH is staked, validators have a greater financial incentive to act honestly and maintain the network’s integrity, making attacks or malicious behavior much more costly and difficult.
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People Also Ask:
Ethereum staking involves locking up ETH to support the network’s operations, such as validating transactions and securing the blockchain.
Pectra is a recent Ethereum network upgrade that introduced improvements to staking, including changes that enable larger validator stakes.
EIP-7251 increases the maximum effective balance per Ethereum validator from 32 ETH to 2,048 ETH, allowing validators to consolidate their stakes.
While staking consolidation improves efficiency, it may lead to centralization risks if too much power concentrates among a few large validators.
Stakers earn rewards for helping secure the network, creating an incentive to participate honestly and support Ethereum’s growth.
Users can stake ETH by running a validator node themselves or by joining staking pools or services that manage validators on their behalf.
