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More than 2.5 million ETH blocked for staking on the Ethereum 2.0 deposit contract

More than 2% of the total ETH supply – almost 2.6 million coins – are blocked for staking on the Ethereum 2.0 deposit contract. These coins are worth more than $ 3.5 billion.

According to the Dune Analytics platform, the number of coins blocked for staking in Ethereum 2.0 continues to grow. This week their number has reached 2,572,524 ETH. Thus, more than 2% of the 114.3 million ETH in circulation are blocked on the Ethereum 2.0 deposit contract.

Against the backdrop of the rapid growth of cryptocurrency markets and ETH reaching its all-time high, the value of crypto assets blocked for staking exceeds $ 3.5 billion at the current rate.

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The first phase of Ethereum 2.0 – the “signal chain” (Beacon Chain) was launched on December 1 at 15:00 Moscow time. Ethereum 2.0 capabilities will expand as the next phases roll out. Beacon Chain was launched a week after more than 524,288 ETH were blocked in the Ethereum 2.0 deposit contract, and more than 16,384 validators expressed their willingness to join the network.

ETH holders can block them for staking and participate in the network as validators, receiving block confirmation rewards. Bits.media has previously prepared a guide on how to get involved in Ethereum 2.0 staking.

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