The current total amount of Ethereum staked is over 33.2 million ETH, approaching the historical high level

On July 18th, according to Decrypt, Coinbase data shows that as of the time of writing, over 33.2 million ETH (worth about $114 billion) have been staked, accounting for approximately 28% of the total ETH supply. The growth in the total value of staked ETH aligns closely with a nearly 5% increase in expected returns on staked ETH over the past month.

According to Coinbase's data, the current estimated return rate for Ethereum staking is 2.60%, higher than last month's 2.48%. Based on on-chain data compiled by Dune, Ethereum staking has been steadily increasing, surpassing the milestone of 30 million ETH in February and reaching a historical high of over 33.4 million ETH on July 12th.

With investors anticipating a significant number of spot Ethereum ETFs to receive final approval this month in the United States, interest among Ethereum holders in staking is also growing rapidly.