Staked Ethereum Reaches 36 Million ATH, But Bullish Signs Remain Elusive – Here’s Why!

Ethereum's staked assets have recently hit an all-time high of 36 million ETH, accounting for roughly 30% of the total supply. However, despite this achievement, the market dynamics raise questions about Ethereum’s dominance amid a competitive landscape of Layer-1 blockchains.

Key Takeaways

Staked Ethereum has reached an all-time high of 36 million ETH, indicating growing confidence in the network.
Approximately 140,000 ETH have left exchanges, suggesting a build-up of a potential supply shock.
Ethereum’s price has seen a rise of 7%, but dominance metrics show signs of volatility.
Other Layer-1 blockchains are also hitting record milestones, which may impact Ethereum’s market share.

Ethereum

Staked Ethereum Reaches an All-Time High, Yet the Market Shows Uncertainty

The competition among Layer-1 blockchains is fiercer than ever. However, this cycle feels different from previous rallies, which tended to be driven by market hype. Currently, the focus has shifted to attracting genuine capital into these networks.

Ethereum [ETH] is at the forefront of this competition. On the blockchain, the performance is promising: the total staked ETH has just surpassed 36 million, which represents about 30% of its total supply. Meanwhile, the validator queue stands at 2.4 million ETH.

As a result, confidence in Ethereum’s network appears to be growing. Compounding this positive outlook, around 140,000 ETH have been withdrawn from exchanges, reducing Ethereum’s exchange reserves to 16.44 million ETH. Together, these factors suggest a potential supply shock may be brewing beneath the surface.

The impact is evident in its price action, with ETH rising by 7%. However, when looking at the broader landscape, Ethereum is not the only blockchain reaching noteworthy milestones, which raises an important question: Could a decline in ETH dominance (ETH.D) diminish the effects of this staking achievement?

Ethereum’s Staking Milestones and Potential Challenges Ahead

While Ethereum's recent staking milestone is impressive, it hasn't yet sent a definitive bullish signal.

In the broader Layer-1 ecosystem, various other blockchains are also achieving record-breaking performance. For instance, the market value of tokenized real-world assets (RWA) on Solana [SOL] has exceeded $1 billion, hitting an all-time high and indicating a strong influx of long-term capital. Additionally, Monero [XMR] has reached $800 per coin for the first time, reflecting a 28% rally over the week, thereby boosting its market capitalization to $15 billion. Notably, these developments are occurring amidst fluctuations in Ethereum’s dominance.

As depicted in the chart, ETH.D is approaching a critical resistance level. For over eight weeks, the index has remained stable between 12% and 13%. A breakout above the 13% mark could be significant, as Ethereum has not reached that level since late Q3 of 2025.

Nevertheless, increased competition from other Layer-1 networks remains a consideration. Ethereum’s record for staking, while commendable, doesn’t provide an overwhelming advantage, especially as its rivals are also experiencing similar growth. Notably, Solana has been leading the charge in 2026 with a 16% increase, making tracking ETH.D a vital indicator for Ethereum's potential breakout.

Final Thoughts

As Ethereum evolves within this competitive landscape, the focus on its staking achievements is critical. However, fluctuating dominance metrics indicate that the battle for capital in the blockchain space is ongoing, and the coming weeks will be essential for assessing the future trajectory of Ethereum amid growing competition.