https://ethmrc.com/authors/stakefish/Recent content in Stakefish on Ethereum Market Research CenterHugoen-usTue, 21 Apr 2026 09:00:00 +0000https://ethmrc.com/stakefish-state-of-ethereum-2026/Tue, 21 Apr 2026 09:00:00 +0000https://ethmrc.com/stakefish-state-of-ethereum-2026/<p>stakefish&rsquo;s mid-year reading of Ethereum&rsquo;s network state captures a system in transition: more capital, more validators, more institutional infrastructure — and <em>compressing yield</em> as the natural consequence.</p> <p>The headline metrics are staggering. Roughly 37 million ETH is now staked, comfortably above 30% of supply, distributed across more than 900,000 active validators. The validator entry queue peaked at 71 days in February as institutional capital surged in. Staking APR has compressed to 2.8–3.3%, down from above 5% in early 2023 when the staked supply was less than half today&rsquo;s level.</p>