Bitwise says Ethereum staked a record 43.8m ETH in Q3 as yields fell
Ethereum closed the third quarter with 43.8 million ETH staked, 35.9% of supply, while its annualised staking yield slipped to 2.63%, according to Bitwise's latest staking report.
Why it matters: The report shows staking rewards thinning as capital piles into major chains, while tokenised stocks and traditional-market trading become a growing source of onchain activity.
Key points
- Ethereum's staked total hit 43.8 million ETH, with net inflows of 1.99 million ETH marking a sixth straight quarter of growth.
- Ethereum's annualised staking yield fell from 2.81% to 2.63%, and its validator count dropped from nearly 1.1 million to about 881,000.
- Solana's tokenised-equity trading volume rose 45% to $6.93bn in Q3, while Robinhood Chain's average daily stock token trading climbed from $17m in July to $377m in September.
Ethereum's validator count dropped from nearly 1.1 million to about 881,000, which Bitwise attributes to the Pectra upgrade letting operators consolidate validators while keeping the ETH behind them. The average cost of four common transaction types fell 67% year on year to $0.45, helped by more block capacity, which also trims stakers' execution revenue.
Solana showed a similar pattern.
Bitwise reports sharper growth outside staking. Solana's tokenised-equity volume rose 45% to $6.93bn, Hyperliquid handled $262bn in non-crypto perpetual volume, and Robinhood Chain collected $51.1m in fees in its first quarter as average daily stock token trading jumped from $17m in July to $377m in September.
Live updates on NewsFeeds:EthereumDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)
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