Ethereum active balances rise by 36,945 ETH, while total balances decline

Ethereum's active effective balance rose by 360,945 ETH over the past month to 44,098,941 ETH as of October 30, even as total consensus-layer balance fell by 79,837 ETH to 45,504,524 ETH, according to on-chain analytics provider CryptoKeyhole. The active balance figure approximates the staked share of total supply expressed in balance terms. Daily aggregation from October 1 through October 31 (KST) showed deposit requests totaling 1,400,947 ETH against 1,511,710 ETH in actual withdrawals paid out, leaving net outflows of 110,763 ETH. Deposits include new validator activations and top-ups by existing validators, while withdrawals cover full payouts of exited validator balances and user-requested partial withdrawals. The divergence—rising active balance alongside shrinking total balance—suggests staking remains resilient even as overall ETH held on the consensus layer contracts. Watch whether net outflows persist into November and how the gap between active and total balances evolves as validator exits and partial withdrawals continue.