Ethereum Staking Demand Is Skyrocketing Even as Yields Sink Toward 2.5%

Ethereum staking continues to attract new deposits even as yields fall toward 2.5%, according to a Bitwise report. The report says ETH finished Q3 with 43.8 million ETH staked—nearly 36% of total supply—after almost 2 million tokens flowed into staking during the quarter. That marked a sixth straight quarterly increase, but the annualized staking yield slid from 2.81% to 2.63%. Beaconcha.in shows about 1.39 million ETH waiting in the deposit queue, with an estimated wait of more than 24 days, while the exit queue sits near 39,000 tokens, signaling stronger inflows than withdrawals. Bitwise attributes much of the demand to institutions, including staking ETFs and corporate treasuries.