Ethereum Staking Reaches New High Amidst Institutional Interest

A record-breaking surge in Ethereum (ETH) staking has been witnessed, with the Beacon Chain seeing over 34.65 million ETH staked as of Sunday. This marks a new peak compared to the previous high recorded on November 10th, 2024. While the staking levels have generally remained stable above 33 million for the past year, activity began increasing again in June according to network explorer Beaconcha.in. This rise suggests that more Ether holders are opting to stake their assets rather than selling at current market prices.