Hardware wallet manufacturer Trezor announced Thursday that its users have staked over 200,000 Ethereum (ETH) via its native Trezor Suite feature, a significant milestone reached after the launch of ETH Staking.
The non-custodial staking service, integrated directly into the Trezor Suite application, was developed in collaboration with the staking-as-a-service provider Everstake. The new service is designed to provide users a secure way to manage their assets as well as participate in Ethereum’s network consensus.
“We are thrilled to see such strong adoption of our staking feature,” said Matěj Žák, CEO of Trezor. “Trezor users believe in self-custody, but also want to see their holdings grow. In fact, staking is a great embodiment of that philosophy – holding rather than selling, but earning interest while allowing the community to benefit from the staked coins, all while keeping them maximally secure.”
Žák noted the surprising speed of uptake, adding, “We sensed that there was serious interest for such a service, but even we didn’t expect that we’d blast through this milestone within this period. This impressive level of engagement underscores our community’s commitment to both security and network participation.”
The rapid adoption comes as the wider Ethereum community grapples with the network centralization risks posed by dominant liquid staking providers like Lido, fueling a growing demand for secure, self-custodial alternatives. Lido is already observing a decline in its market share, as it fell from 32.3% in 2023 to just 24.4% recently. Lido Finance remains the largest single entity for staked ETH.
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