Ethereum’s staking ecosystem is heating up, with the entry queue for staking ETH reaching its highest level since 2023. Institutional investors, corporate treasuries, and funds are fueling this growth as confidence in Ethereum’s long-term value continues to strengthen.
ETH staking queue surpasses $3.7 billion
On Tuesday, onchain data revealed that 860,369 ETH—worth around $3.7 billion—is now waiting to be staked. This is the largest staking entry queue since September 2023, shortly after the Shanghai upgrade unlocked withdrawals.
Staking provider Everstake called the surge “striking,” highlighting that such high queues have not been seen in nearly two years. The firm attributed the increase to several factors, including growing network trust, favorable market conditions, and a wave of institutional participation.
“More people trust Ethereum’s long-term value and want to participate in securing it,” Everstake noted, adding that rising Ether prices and historically low gas fees have made staking both profitable and more accessible.
Institutions drive Ethereum staking growth
Institutional demand is playing a key role in Ethereum’s staking boom. Companies and investment funds are entering the space with large deposits, accelerating validator growth and locking more ETH into the network.
According to StrategicEtherReserve, Ethereum corporate treasuries already hold 4.7 million ETH—about 4% of the total supply—worth over $20 billion. More than 70 entities are actively purchasing and staking Ether to secure yields on their holdings, further driving entry queue momentum.
Exit queue declines after August spike
The surge in staking demand comes as concerns about unstaking pressure ease. In late August, the staking exit queue climbed above 1 million ETH following Ethereum’s all-time high on Aug. 24. However, it has since dropped by 20%, signaling reduced selling pressure.
Currently, 35.7 million ETH—valued at approximately $162 billion—is staked on the Ethereum network, accounting for about 31% of the total circulating supply, data from Ultrasound.Money shows.
ETH price cools after recent highs
Despite strong institutional accumulation, ETH’s price has seen a slight pullback. At the time of writing, Ether trades at $4,321, down 1.2% on the day. The asset has now corrected 12.4% from its Aug. 24 all-time high, as retail profit-taking continues.
Ethereum staking outlook remains strong
The latest data underscores Ethereum’s position as the leading proof-of-stake blockchain. With institutions, corporate treasuries, and long-term holders driving demand, the network’s staking economy continues to expand even amid short-term market corrections.
If Ethereum prices stabilize, the combination of low gas fees, rising yields, and institutional adoption could push staking activity to new records in the coming months.
