Staking Dominates Ethereum Supply in 2026
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Data from Arkham Intelligence shows that Ethereum’s supply is now heavily concentrated in staking infrastructure. The ETH2 Beacon Deposit Contract alone holds over 82 million ETH, representing roughly 66% of the total circulating supply and valued at approximately $169 billion.
This shift reflects Ethereum’s transition to proof-of-stake, where large portions of supply are locked by validators securing the network. As more ETH is staked, liquid supply on the market continues to shrink, fundamentally changing market dynamics and reducing short-term sell pressure.
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with that much eth locked, liquidity constraints are probably becoming a major market factor
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locking ~66% of supply is a massive structural shift, liquidity is becoming a key variable