Ethereum staking reaches record 34.4%, up from 30% at start of year: Token Terminal

Ethereum's staking ratio reaching a record 34.4% (vs 30% at the start of the year) signals rising long-term holder conviction and more ETH being removed from liquid circulation. Higher staking participation can tighten spot liquidity and reduce readily available sell-side supply, while also reinforcing the network's security and yield-driven demand dynamics. Near term, this tends to support relative ETH strength versus the broader market.