Crypto.com Staked ETH — Project Update

Get Caught Up

• Staking participation hit a new all-time high. ETH staking reached 41.9 million coins, up from 36 million at the start of 2026, meaning roughly one-third of all ETH is now staked, though inflows have slowed with only about 28,700 ETH staked in the most recent week 1. This matters because staking is the core mechanism behind liquid staking products like Crypto.com Staked ETH, and a rising staked ratio signals growing demand for yield-bearing ETH exposure.
• A proposed issuance change could reshape staking economics. The market is watching a potential EIP-8363 proposal, the "Tapered Issuance Burn," which would gradually reduce staking rewards as the staked ratio increases, potentially lowering annual issuance toward 0.8% and toward near-zero if staking reaches 50% of circulating supply 1. Issuance refers to the new ETH created as rewards for validators; if enacted, this would reduce the yield that staking products can pass on to holders.
• Large ETH treasuries continue to accumulate and stake. BitMine, the largest publicly listed ETH holder, controls 5.81 million ETH and stakes 87% of its holdings, currently earning about $257 million per year from staking 1. This concentration of staking activity by institutional treasuries is relevant context for the competitive landscape of staking services.

Biggest Stories of 2025

• All Core Devs Execution Call 221 — Developers confirmed the Fusaka Bug Bounty was live, set the 60 million mainnet gas limit default for Fusaka activation, and outlined the testnet fork schedule (Holesky, then Sepolia and Hoodi, with blob parameter only forks one week after each activation); Tim Beiko also recommended pausing consideration of additional Glamsterdam EIPs 2. (September 25, 2025)
• All Core Devs Execution Call 220 — Core developers discussed Fusaka progress, Glamsterdam EIPs, and testing infrastructure, including non-finality test results on Fusaka Devnet-3, the launch of Devnet-5 for blob parameter analysis, and proposed amendments to the protocol upgrade process requiring minimum intervals between client releases and testnet/mainnet forks 3. (September 11, 2025)
• Crypto.org Mainnet v6.0.3 Released — A security patch was released that included a fix to CometBFT addressing a security advisory, relevant to the broader Crypto.com ecosystem infrastructure 4. (October 14, 2025)
• Crypto.org Mainnet v6.0.2 Released — This release addressed a bugfix for an apphash mismatch during the v6 upgrade 5. (September 2, 2025)
• Crypto.org Mainnet v6.0.1 Released — This release included bugfixes for errors deleting legacy versions and a Versiondb interface mismatch 6. (August 21, 2025)
• Crypto.org Mainnet v6.0.0-2 Released — This binary replaced the existing v6.0.0, bumping the Cosmos SDK to v50, enabling the x/circuit module, upgrading ibc-go to v8.7.0, and adding cache in rocksDB to reduce RAM usage 7. (July 10, 2025)