The total value accumulated in the Ethereum 2.0 deposit contract exceeds $9.5 billion
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April 19, 2021It is reported that the total ETH lock-up value (TVL) of the on-chain analysis company Glassnode Ethereum 2.0 deposit contract reached a record high of 3,862,626 ETH. This was reported by YouTube on the 17th (local time).
This is equivalent to 9,529,098,342 dollars (about 1,064 trillion won). This is also a figure that slightly exceeds 3.3% of the total supply of Ethereum. This is another major milestone for the ETH 2.0 upgrade, which is currently in phase 0, also known as the beacon chain. This locked-up ETH cannot be withdrawn until step 1.5 of Ethereum 2.0 is completed.
According to data from the ETH2 Validators analysis platform, the current network has 120,196 active validators, which allows the ETH 2.0 mechanism to provide 7.58% of annual compensation.
On average, over the past week, about 316 new validators participated in ETH 2.0 every day. Currently, there are about 24 validators in the queue.
(Glassnode analytics agency spreads the word that the total value of ETH locked (TVL) in the Ethereum 2.0 deposit contract has surged to a new all-time high of 3,862,626 coins.)
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.
