Ethereum 2.0 Deposit Contract Tops $5.5B in Staked Ether

The aftereffects of the London upgrade begin to emerge as the Eth2 staking contract becomes the single largest Ether holder. Recently, the Ethereum network reached a new staking milestone. On Aug. 17, the Ethereum 2.0 staking contract became the single largest holder of Ether (ETH), surpassing Wrapped Ether (WETH). According to data from Etherscan, the Eth2 deposit contract now holds over 7.14 million Ether tokens, valued at $23 billion at the time of writing.This accounts for nearly 6.1% of all Ether tokens in circulation, which means that the staking rate for Ethereum is now over 6%. The....

Exchanges may consider markets for “Beacon chain ether” – that is, ether that’s been staked in the Ethereum 2.0 deposit contract.

A recent post on CryptoQuant by TemptingBeef has confirmed that the number of staked Ethereum on the ETH 2.0 deposit contract has now exceeded 100,000. This means that the number of staked ETH is now more than 5% of the amount of Ethereum that is currently in circulation. Chart showing the amount of staked ETH […]

The deposit contract for Ethereum’s 2.0 upgrade now holds over 50k ETH – 10% of the threshold needed to activate the watershed update.

The Eth2 staking contract is now the single-largest address by Ether holdings. The staking contract for the Ethereum 2.0 blockchain is now the single-largest holder of Ether.According to blockchain analytics provider Nansen, the Eth2 staking contract has surpassed Wrapped Ethereum (wETH) to become the single largest holder of ETH. Unlike Ether, Wrapped Ether adheres to the ERC-20 standard, making it the favored representation of ETH among DeFi protocols that use ERC-20 tokens.The findings were posted to Twitter by Alex Svanevik, CEO of blockchain analytics firm, Nansen, on Aug. 17. The....