Over $115 billion of ether is now staked on the Beacon Chain

More than 31.5 million ether have been bet on Ethereum ETH

+6.35%
‘s proof-of-stake consensus layer called Beacon Chain – with a total value of $115 billion.

The amount of ether staked on the Beacon Chain amounts to almost 26% of the total supply, involving more than 980,000 individual validator stakes.

Following the recent increase in the price of ETH (currently $3700), the value of total assets deployed has now exceeded $115 billion. This is a significant portion of ETH’s $446 billion market cap – underscoring the extent of Ethereum’s economic security.

In proof-of-stake networks like Ethereum, which transitioned to PoS with The Merge, economic security is crucial.

The concept here is that to attack the network, for example by reversing transactions or launching a double-spend attack, an entity would have to control at least half of the total validator stake, or $57 billion. This amount represents a significant financial hurdle, making such attacks economically impractical.

The increase in ether stakes was particularly impacted by the Shapella upgrade in April 2023, which allowed users and validators to withdraw their staked ether, leading to an influx of over 11 million ETH staked after the upgrade.

The introduction of liquid staking solutions such as Lido and Rocket Pool has further facilitated staking by allowing the staking of amounts less than 32 ETH and enabling the use of staked assets as collateral in DeFi. Lido Finance validators currently represent over 31% of total ETH stakes.