Sunday, March 3, 2024

Anticipation for Ethereum [ETH] 2.0 rises as metric reaches all-time high

  • Ethereum (ETH) total value staked has surpassed 15.9 million.
  • The increase in the value of ETH might be a major contributor to the increase in stake inflow.

Since the merge, validators have been able to contribute to network security by staking their Ethereum [ETH]. However, the total amount of ETH that has been staked has increased and now stands at a record high. Is there any reason to expect more stake increases, and what could be driving the current ones?

Read Ethereum’s [ETH] Price Prediction 2023-24

Total value staked hit record-high

The second-largest blockchain, Ethereum, reached a significant new milestone on 27 January, nearly four months after it transitioned to a proof-of-stake network. According to Crypto Quant, over 15.9 million ETH have been staked on the Ethereum Beacon Chain.

The total number of ETH staked has reached a new all-time high of 15,9 million

• Accounting for more than 13% of the total ETH supply.

1/6 pic.twitter.com/wesx84E2hK

— CryptoQuant.com (@cryptoquant_com) January 27, 2023

At press time, the total amount staked is over $25.3 billion, and this also represented over 13% of the total ether supply. This is about two years after the launch of Ethereum’s staking contract in 2020, when the network’s proof-of-stake Beacon Chain was introduced.

ETH Staking Inflow and New Depositors see constant activities

Additional examination of several other charts, such as the Staking Inflow Total chart, revealed some intriguing findings. The documented...

source: https://ambcrypto.com/anticipation-for-ethereum-eth-2-0-rises-as-metric-rises-to-all-time-high/