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The Ethereum ecosystem has hit a major milestone as the staked ETH reached a new all-time high (ATH) of 34,827,212 coins recently. This locks the staked volume to nearly 30% of Ethereum's total supply. The development comes amid bullish price growth for Ethereum.
Ethereum staking landscape expands with validator boom
According to data from Dune, the total validator count now stands at 1,088,350, and staking activity remains on an upward trajectory. This is a significant development for the Ethereum ecosystem following its long period of consolidation.
Lido, with 25.6% of the total market share, is the leading staking entity in the ecosystem. Lido has 8.94 million ETH staked. Binance, Coinbase and ether.fi accounts have 7.6%, 7.4% and 6.45%, respectively.
Unidentified entities account for 19.6% of the total amount of Ethereum staked. Overall, the staking pattern reflects the growing diversification and adoption of other platforms like Ether.fi.
Amid this, Ethereum has appreciated as its price climbed by over 8% in the last 24 hours. As of press time, Ethereum exchanges at $2,738.63, representing an 8.21% increase within this time frame.
As investors actively engage in transactions, there has also been a staggering spike in trading volume, up 118.46% to $32.69 billion.
Ethereum ETFs and whales signal long-term confidence
In the broader crypto ecosystem, the asset is performing with a bullish twist, as Ethereum exchange-traded funds (ETFs) recorded a 15-day streak of inflows. This development signaled whales preparing for massive price movement, supporting ETH's outshine of Bitcoin in terms of ETF inflows.
Market participants are optimistic that the coin could register a significant uptick in June, riding on the back of ecosystem support. There are high expectations that, after a long period of consolidation, ETH might flip $3,000.
Other projections point to Ethereum climbing above $6,000 before the end of 2025.
Vladislav Sopov
U.Today Editorial Team