Total staked Ethereum surpasses 14 million in Q3 amid 64% decline in price

The amount of staked Ethereum currently sits at approximately 14.44 million ($19.5 billion). Total staked ETH in Q3 2022 alone exceeds 1.096 million. Currently, over 11% of the total circulating supply are staked and the amount rises daily.

The Merge finally completed the PoS upgrade for the Ethereum network, and thus, it is unsurprising that this has had a net positive effect on the amount of ETH staked. Miners can no longer mine Ethereum using the PoW consensus method; therefore, staking Ethereum is the primary way to contribute to the network’s security.