In the past 24 hours, more than 100K ETH have actually been staked on Ethereum 2.0, bringing the total to over 6 million ETH.
As Ethereum 2.0 nears its launch date, the quantity of ETH staked will most likely continue to grow.
The other day, CryptoQuant released information exposing that more than 100k ETH valued at over $200 million were sent out to the Ethereum 2.0 deposit contract in a single day.
Now that the brand-new staking has occurred, the overall worth of ETH in the Eth2 agreement now exceeds 5% of the cryptocurrency’s circulating supply.
ETH 2.0 had just crossed a major milestone previously this month when the amount of tokens staked surpassed 5.2 million ETH, or $14 billion at that time.
Based upon present market conditions, 174,318 validators are dealing with ETH 2.0, with that much ETH staked in the deposit contract deserving $11.6 billion due to current market losses. In contrast with the minimum ETH limit, the existing figure represents more than a 1,000% boost.
ETH stakes and validators are on the rise, which reveals that the Ethereum community continues to see the value in ETH 2.0.
In the ETH 2.0 upgrade, scalability and high gas costs are amongst the concerns that were dealt with.
Too, Ethereum will switch from the highly resource-intensive Proof of Work (PoW) agreement algorithm to the more effective Proof of Stake (PoS). With PoS now being executed in Ethereum 2.0, the blockchain will become more environment-friendly.
In theory, ETH 2.0 is expected to be quicker and more reliable than the current system because of these changes.
Coin Market Cap | CoinMarketCap 