Ethereum staking reaches record as over 36% of total supply is locked

Ethereum staking has reached a record, with over 36% of total supply now locked in validators rather than circulating freely. The shrinking liquid float tightens available sell-side supply, which is structurally supportive for ETH and reinforces the asset's yield-bearing, collateral-like profile. The effect is gradual rather than immediate, but it strengthens the medium-term demand-supply backdrop and signals sustained holder conviction.