Staked Ethereum surpasses 16M, over 70% stakers at a loss Staked Ethereum surpasses 16M, over 70% stakers at a loss
Staked ETH has risen 18% to over 16 million ETH but over 70% of stakers have made losses, according to Dune analytics.
2 min read
Updated: Jan. 12, 2023 at 2:48 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The amount of staked Ethereum (ETH) has risen by 18% to over 16 million since the network completed its transition to a proof-of-stake (PoS) network last year, according to CryptoSlate data.
The 16 million staked ETH equates to roughly 13.28% of ETH’s total supply — worth $22.42 billion — 500,213 total validators and 87,121 distinct depositor addresses, according to Dune analytics data.
Lido is the dominant staking platform
Lido is the dominant staking platform, controlling 29.08% of staked Ethereum. Around 4.65 million ETH — worth $6.8 billion — have been staked through it, according to the offical Lido website,
Other top staking platforms — including centralized exchanges (CEXs) like Coinbase, Kraken, and Binance — hold approximately 26.7% of staked Ethereum, according to Dune analytics data.
Cumulatively, the top four ETH staking platforms control 55.78% of staked Ethereum.
72% of staked ETH at a loss
Currently, 71.7% of Ethereum stakers are at a loss in terms of staked ETH holdings leaving only 28.3% currently in profit.
Stakers in profits staked their coins when ETH was trading at roughly $1300, shown in the chart below.
With ETH trading at over 70% below its all-time high (ATH), crypto investors who staked their asset at the ATH have been hit most as the bear market.
Staked ETH has gained attention in light of the upcoming Shanghai update which will allow stakers the ability to withdraw their staked ETH.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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In this article
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
Coinbase
Coinbase is a digital currency exchange and wallet service that allows individuals to buy, sell, and store digital currencies, such as Bitcoin, Ethereum, and Litecoin.
Kraken
Kraken is a San Francisco-based digital asset exchange in euro volume and liquidity that trades various currencies, including Canadian dollars, US dollars, British pounds, and Japanese yen.
