Ethereum has been a proof of stake chain for more than four years now. The Merge took place in September 2022, following the Beacon Chain launch in December 2020. Staking deposits opened in November 2020. Withdrawals were enabled with Shanghai/Capella on 12 April 2023, allowing validators to withdraw rewards or exit, subject to the network queues.
How is staking Ethereum going these days? More than three years after withdrawals went live, the amount staked is still growing. Here is the October 2026 update.
Here we will be looking at:
- Staked Ethereum by date
- Daily change in staked ETH since the Shanghai update
- Share of staked ETH
- Number of active validators
- Top staking entities
The historical charts retain the original Dune data and extend staking with ValidatorQueue through 31 October 2026. Total supply comes from Etherscan. The entity ranking uses Beaconcha.in’s 30D view retrieved on 6 November. Provider definitions and observation times can differ.
Staked Ethereum by Date
Here is the chart.
This series starts with staking deposits in November 2020, ahead of the Beacon Chain launch on 1 December 2020. It shows the growth in ETH committed to staking over the following six years. The long-term trend is upward, although there have been pauses and withdrawals along the way. After slower growth during much of 2024 and 2025, the amount staked has moved higher in 2026. It is now above 44M ETH, compared with roughly 36.8M at the start of the year. The earlier plateau around 35M has given way to a higher level of participation.
A total of 44.23M ETH was staked at the end of October 2026, the highest level since the start. October alone added about 315k ETH more in staking.
If we zoom in on 2023 to October 2026 we get this:
Here we can see the strong growth after withdrawals became available in April 2023. Staking continued to expand even with the option to exit. Withdrawals provide flexibility, although activation and exit queues mean changes are not always immediate.
At the beginning of 2024 there were close to 29M ETH staked, while the year ended around 34.2M. That was an increase of roughly 5M ETH. The original series starts 2026 at about 36.76M ETH. By 31 October the extended series reaches 44.23M, an increase of roughly 7.5M ETH. The recent months show renewed growth, with a temporary decline in the spring followed by a recovery into October.
Daily Change in Staked ETH Since the Shanghai Update
The next chart shows the difference between consecutive daily staking observations. It measures changes in the reported staked balance, rather than separate gross deposits and withdrawals. Provider timing, rewards and balance adjustments can also affect the daily movement.
October ended about 315k ETH above September’s final observation. The balance rose early in the month, eased during the middle weeks and recovered by month-end. Positive and negative days can both occur within an overall rising trend.
Bars below zero show a decline in the reported balance. They should not be read as a direct measure of gross withdrawals, since deposits and other balance changes can occur on the same day.
Share of Staked Ethereum
What is the share of staked Ethereum? Here is the historical trend.
Staking now represents a larger part of the total ETH supply. The total-supply history here includes consensus issuance, as reported by Etherscan. ETH supply changes with issuance and fee burning; staking itself does not make ETH deflationary. Staking also commits ETH at the protocol level, while liquid staking tokens can still be transferred and traded.
The liquid Ethereum supply looks like this:
The liquid-supply residual is about 78M ETH at the end of October, compared with roughly 113M before staking began in late 2020. Here, liquid means total supply minus staked ETH; it is not a measure of freely tradable float. Staking rewards depend on participation, validator performance and execution-layer rewards, so the return can change over time.
The current share of staked ETH looks like this:
Against total supply of about 122.2M ETH, the 44.23M ETH staked represents 36.2%. The remaining 63.8%, or 78M ETH, is the supply-minus-staked residual. More than one third of supply is now committed to staking.
Number of Active Validators
Here is the history of reported active-validator observations.
The latest October observation is approximately 814,608 active validators, down from about 871,600 on 30 September. That is a decline of roughly 57,000, even though the amount of ETH staked increased. Source observations can contain averaged counts, so the figures shown here are rounded.
These are validator keys, not unique people or operators. Pectra, activated on 7 May 2025, increased the maximum effective balance from 32 to 2,048 ETH for eligible validators and enabled consolidation. Fewer validator keys can therefore support more staked ETH. Dividing the amount staked by 32 is no longer a reliable estimate of the active-validator count.
Top Ethereum Stakers
Who is staking the most? This chart shows Beaconcha.in’s top eight entities by published network share in its 30D view, retrieved on 6 November 2026.
Lido leads this view at about 19.5% of total stake, followed by Binance at 7.4%. Next are ether.fi at 4.0%, Kraken at 3.9%, Coinbase at 3.1%, Figment at 2.9%, Blockdaemon at 2.5% and Kiln at 2.0%.
The chart shows concentration among the leading identified entities. It does not establish where funds moved between providers.
All the best @dalz
