Staked Ethereum surpasses 16M, over 70% stakers at a loss

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Staked Ethereum surpasses 16M, over 70% stakers at a loss Staked Ethereum surpasses 16M, over 70% stakers at a loss Oluwapelumi Adejumo · 2 hours ago · 2 min read

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: January 12, 2023 at 2:48 pm

Staked Ethereum surpasses 16M, over 70% stakers at a loss

Cover art/illustration via CryptoSlate

Haru Invest

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.

Total Value Staked By Provider: (Source: Glassnode)

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.

Staked Ethereum
Source: Dune Analytics

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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