The amount of Ether locked up and staked on the Beacon Chain has reached record levels, with more waiting to be staked.
“ETH supply is getting intentionally harder to access,” commented macroeconomics outlet Milk Road on Monday.
“Staking just hit an all-time high, with millions of ETH now queued to be locked,” they said before adding, “that is being taken off exchanges and removed from active circulation.”
“This is a long-term positive signal for price appreciation.”
The comments came in response to a Token Terminal post reporting that the Ethereum staking ratio surpassed 30%, marking an all-time high.
ETH supply is getting intentionally harder to access.
Staking just hit an all time high, with millions of $ETH now queued to be locked. That is being taken off exchanges and removed from active circulation.
This is a long-term positive signal for price appreciation.
Higher. https://t.co/pKid87F5pd pic.twitter.com/kZ3VzDWMch
— Milk Road (@MilkRoad) January 19, 2026
Ethereum Staking Queue Surges
The amount of Ether staked is currently at a record 36.2 million, which is worth around $115 billion. This represents 30% of the entire supply of the asset, which is locked up and earning around 2.8% in annual yields, according to Ultrasound Money.
The staking environment looks extremely promising at the moment, with the validator entry queue at its highest level since 2023, with 2.7 million ETH waiting to be staked. Meanwhile, the exit queue has fallen to near zero, meaning that nobody is unstaking their Ether at the moment, according to the Validator Queue.
A lot of that queued Ether is from institutions such as digital asset treasuries like BitMine and exchange-traded funds that can now offer staking rewards.
“Ethereum is the #1 choice for global financial institutions,” stated the official Ethereum X feed on Monday. “Over the last few months, adoption has accelerated,” it added, citing 35 stories of how institutions are building on Ethereum, which was shared by Fundstrat’s Tom Lee.
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A great list put together by @ethereum detailing 35 major financial institutions building on Ethereum in just the past few months
Ethereum is the future of finance$ETH$BMNR @BitMNR https://t.co/yrcDr9grY4
— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) January 19, 2026
Nic Puckrin, CEO and co-founder of Coin Bureau, called it a “huge vote of confidence in Ethereum,” but cautioned that staking measures coins, not conviction. One whale staking a million ETH looks identical to a million believers staking one ETH each, but represents very different market dynamics, he said.
“So when you see ‘30% of ETH staked,’ the real question isn’t whether that is bullish. It’s who staked it, how liquid is it really, and how fast can it change its mind?”
ETH Price Cools
Ether spot markets have lost a little momentum since the weekend, with the asset dropping another 1% on the day in a fall below $3,200 during Tuesday morning trading in Asia.
ETH prices have dropped 5% since the weekend as markets remain rattled by the latest escalation of Donald Trump’s global trade war.
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