According to data from Glassnode, more than 13 million ETH, Ethereum ‘s Eth 2.0 staking contract is locked. This means a new milestone for Ethereum. Let’s also mention that Eth 2.0 staking was launched in November 2020.
There Are Over 13 Million ETH Locked To Ethereum 2.0
5,209,474 Ether in May 2021, Ethereum 2.0 deposit contract what was transferred and this was an all-time high. After a short time, the value of the ETH 2.0 deposit contract saw 13 million ETH.
The protocol named Lido has the largest share in staked ETH with 31.8%.
Source: Glassnode, ETH 2.0 Total Value Staked by ProviderAlso, according to U.Today, Ethereum has come closer to transition by testing consolidation on the Sepolia testnet.
It should also be noted that the deposits in question represent 10.9 percent of the total circulating supply. The network also has to get through a testnet launch before the expected launch event. As soon as the Beacon Chain merges with the main chain Ethereum will be passed to Proof-of-Stake. The expectation is that the merger will be completed within this year.
According to previous reports, Ethereum founder Vitalik Buterin predicted that Ethereum could switch to Proof-of-Stake in August. However, now it is said that this date has been postponed to September.
Upgrade to be done Ethereum will significantly improve the energy consumption of Of course, on the other hand, there are also claims and concerns that the Proof-of-Stake structure is more insecure than Proof-of-Work.
