Ethereum Staking Demand Is Skyrocketing Even as Yields Sink Toward 2.5%

Bitwise reported that Ethereum ended the third quarter with 43.8 million ETH staked, nearly 36% of total supply, after almost 2 million tokens entered staking during the period, the sixth consecutive quarterly increase. The annualized staking yield fell from 2.81% to 2.63%. After the quarter, Beaconcha.in showed about 1.39 million ETH in the deposit queue with an estimated wait of more than 24 days, versus 39,000 ETH awaiting exit. Bitwise attributed much of this year’s inflows to institutional entities such as staking ETFs and corporate treasuries; BitMine reported over 5 million staked ETH, about 84% of its treasury.