Surge in staking activity coincides with shrinking exchange supply, signaling a shift toward long-term holding and rewards. Ethereum has reached a milestone with active wallets hitting a record 175.5 million, according to data from Santiment. The figure underscores growing interest in Ethereum staking, which has added 5.16 million wallets in 2026 alone. The growing number of active wallets coincides with a decrease in Ethereum’s supply on exchanges, suggesting a shift toward long-term holding and staking.
This trend reflects a broader movement within the Ethereum community toward securing network participation and earning rewards through staking. Ethereum has reached a milestone with active wallets totaling 175.5 million, according to data from Santiment. The rise is driven by growing interest in Ethereum staking, which has added 5.16 million wallets in 2026 alone. The expansion in active wallets coincides with a shrinking supply of Ethereum on exchanges, signaling a shift toward long-term holding and staking.
This pattern points to a broader move within the Ethereum community toward securing network participation and earning staking rewards. As more investors commit to staking, on-chain activity may remain elevated amid rising participation. Market observers will watch how the wallet trend influences liquidity and staking dynamics going forward.
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