The amount of blocked funds in the Ethereum 2.0 deposit contract exceeded $ 10 billion (3.99 million ETH).
The total value in the ETH 2.0 Deposit Contract just went above $10 billion with 3,994,722 $ ETH deposited pic.twitter.com/rdtFTxG14C
— Bloqport Insights (@Bloqbot) April 27, 2021
The indicator corresponds to 3.45% of the market supply of the second largest cryptocurrency in terms of capitalization.
Coins blocked in staking ETH2 are 2.7 times less than the number involved in Ethereum-based decentralized finance protocols. According to DeFi Pulse, this figure is 10.9 million coins (~ $ 61.7 billion).
The staking yield dropped to 7.8% per annum.
Data: Launchpad.
On April 22, Ethereum quotes rose above $ 2,600, setting a new all-time high. At the time of writing, ETH is trading at $ 2,550.
Messari analysts expressed confidence that after the transition to the second version of the Ethereum protocol, it could shift bitcoin from the first line in the rating of assets by capitalization.
They previously stated that the Ethereum network will remain out of reach of competitors thanks to the rollout of a second tier solution based on Rollups.
Macroinvestor Raul Pahl predicted a decline in the Ethereum to Bitcoin ratio in May 2021 before the rate accelerated.
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