- For the first time in the history of Ethereum, its proof-of-stake contract now holds over half of the network’s ETH supply.
- The contract currently holds 80.9 million Ether tokens, currently valued at $160.4 billion.
Just over three years since it switched to the proof-of-stake (PoS) consensus mechanism, Ethereum has hit a major milestone: for the first time in its history, its PoS contract holds over half of the ETH supply.
Etherscan shows that the PoS address now holds 80.971 million, worth just over $160 billion. This translates to around 50.2% of the entire ETH supply. Data from Santiment shows that the number of ETH held by the contract shot up in January, but the flow has been steady in the past two weeks.
Image courtesy of Santiment.
According to Santiment, the exact holdings can sometimes slightly vary. This is because when a user stakes their ETH by sending it to this address, those tokens are removed from circulation, which means they can’t sell, transfer or stake it again. If they later decide to withdraw from the PoS address, this ETH is released as newly issued coins on the main network. The system does not pull out the same tokens the user had stashed away in the vault.
“As a result, the existing supply can often differ based on whether only pre-burned or total post-burned coins are being counted,” the blockchain analytics company explains.
Notably, the 80.97 million tokens are more than 50% of Ethereum‘s stated total supply, which is currently at 120.69 million Ether. This is because the calculation is based on the number of ETH issued historically before token burns.
Ethereum Struggles at $2,000 As BlackRock Starts Acquiring Ether for ETF
At press time, ETH trades at $1,985, gaining about **1% **in the past day to settle at $239.69 billion in market cap. Trading volume is up 12% to top $21 billion. In the past week, Ethereum has struggled to break past local resistance at $2,100, with multiple attempts rebuffed over the weekend. However, in the past month, the top altcoin has lost over 38% of its value.
The price struggles come despite increasing anticipation of an upcoming Ether ETF by BlackRock. The Wall Street giant launched its first spot Ethereum ETF in mid-2024, and today, it holds 3.2 million Ether, worth $6.6 billion.
BlackRock is now shifting strategy and wants to stake the ETH it holds, and it’s launching a new ETF to be named ETHB. The $14 trillion giant will share 82% of the staking reward with its investors, while it keeps 18% to be shared with Coinbase, the custodian of the new ETF.
“This arrangement creates a financial incentive for the Sponsor to maximize the amount of Ethereum staked by the Trust,” the two companies stated in their filing with the SEC on Tuesday.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH falls below $1900! Behind the 22% plunge, Vitalik's "Five-Year Tightening" strategy
Currently, the Ethereum (ETH) market is experiencing a deep correction, mainly due to capital outflows and technical adjustments. Institutional investors are highly risk-averse, with whale sell-offs and founder holdings reduction intensifying market panic. The Ethereum Foundation has adopted a defensive financial strategy to ensure funding for technological development, while also planning internal network reforms to address centralization risks. Regulatory pressure is also increasing, as the EU is about to implement strict compliance standards that could impact the DeFi market. Overall, Ethereum is going through a phase of short-term pain coupled with long-term structural adjustments.
TechubNews12m ago
BitMine increases ETH holdings to 4.42 million coins, Fundstrat predicts an 87% win rate
BitMine (BMNR) purchased 51,162 Ethereum last week, marking the largest single-week increase since December of last year, bringing its total ETH holdings to 4.42 million. Research firm Fundstrat reports that ETH's current trading price is approximately 22% below the on-chain average cost basis for investors, with an implied 12-month return of 81% and a historical win rate of 87%.
MarketWhisper13m ago
7 siblings associated addresses bought 2,179 ETH in the past 8 hours, worth $4.03 million
Odaily Planet Daily reports that on-chain analyst Ai Yi monitored an address (0x5fF...33c37), which had a funding connection with 7 siblings six months ago. In the past 8 hours, the address bought 2,179.22 ETH on-chain at an average price of $1,852, totaling $4.03 million. The 7 siblings have accumulated a total of 336,250.9 ETH in public addresses, with a total value of $620 million.
GateNewsBot18m ago
Ethereum Foundation Launches Dedicated DeFi Unit to Support Protocol Development
The Ethereum Foundation has formally established a dedicated DeFi unit within its App Relations team to support protocol development, appointing industry builders Charles St. Louis as DeFi Protocol Specialist and ivangbi as DeFi Coordinator. The non-profit organization's structural move, announced on Monday, aims to accelerate development of permissionless and privacy-focused decentralized finance applications while creating formal channels for builder coordination and security research.
CryptopulseElite25m ago
F2Pool Co-Founder Wang Chun: ETH once rebounded to $4,956 within 4 months; investors should not be swayed by short-term panic emotions.
F2Pool co-founder Wang Chun pointed out that Ethereum briefly dropped to $1,386 in 2025 before quickly rebounding, emphasizing market cyclicality and warning investors not to be influenced by panic emotions. At the same time, he reaffirmed the core role of miners in the Bitcoin network, stating that they are an important force in maintaining network security and stability.
GateNewsBot33m ago
Will quantum computing destroy Bitcoin? Saylor: The crypto community will strike back first
MicroStrategy (MSTR), the world's largest Bitcoin institutional holder, CEO Michael Saylor recently publicly refuted the quantum computing threat theory, stating that the cybersecurity community generally believes that credible quantum attack capabilities will take at least another ten years to emerge. He emphasized that once the threat materializes, global digital infrastructure will upgrade collaboratively to respond, and the cryptocurrency community will play a leading role.
MarketWhisper53m ago
