ETH 2.0 contract exceeds 7.4 million ethers, nearly $ 30 billion banned, liquid staking pools grow – technology Bitcoin News
The Ethereum 2.0 contract now includes more than 7.4 million ethers valued at over $ 29.3 billion at today’s ether exchange rates. According to statistics, the smart contract address is the largest owner of Ethereum of all existing wallets.
Ethereum 2.0 contract nears $ 30 billion
In the early days, the Ethereum (ETH) protocol was a 100 percent proof-of-work (PoW) blockchain, but in more recent times Ethereum is now a mix of proof-of-stake (PoS) and PoW. Over time, the digital currency and smart contract network will be 100% PoS and this will be the main consensus algorithm that keeps Ethereum going.
On November 6, 2020, Bitcoin.com News reported on Ethereum co-creator Vitalik Buterin, who added $ 1.4 million worth of Ether to the Phase 0 smart contract. Since then, the ETH 2.0 contract has swelled significantly. In July 2021, Bitcoin.com News reported on the Ethereum 2.0 contract, which exceeded six million ethers. At the time of July 2, the six million ether at that day’s exchange rates was worth $ 12.4 billion.
The Ethereum 2.0 deposit address according to Etherscan data as of September 6, 2021.
According to Etherscan statistics, the Eth2 deposit contract today includes 7,489,474 ethers valued at $ 29,366,901,606. The smart contract address is the largest wallet among Ethereum’s extensive list of wallets. However, Wrapped Ether’s smart contract address is pretty close at 6.9 million ethers.
Since Buterin deposited the massive amount of ether that he deposited in the ETH 2.0 contract address, 32 ETH have been continuously deposited to this day. To be a validator, 32 ethers are required to join the ETH 2.0 staking community.
Behind the ETH 2.0 contract and the Wrapped Ether Wallet are wallets from Binance, Kraken, Gemini, Huobi, FTX Exchange and some unknown ether billionaires. The smart contract ETH 2.0 has so far recorded 150,980 transactions and the 7.4 million ethers correspond to 6.37% of the total circulating ether supply.
1.3 million ethers are included in liquid staking pools
Much of the ETH 2.0 money tied to the contract is put into prominent staking pools like Lido, Stkr, SharedStake, Stafi, Stakewise, Cream, and Stakehound. These pool services have approximately 1,361,463 blocked ethers and Lido has the lion’s share of ethers.
Liquid staking pool stats according to Dune Analytics as of September 6, 2021.
According to statistics from Dune Analytics, the Lido Liquid Staking Pool has around 1,167,007 Ether Staking today. $ 5.35 billion of the total of $ 29.3 billion banned is in large pools, and that’s about 18.09% of the 7.4 million ethers today.
In addition to the 7.4 million blocked ethers, 216,229 ethers have been burned to date since the implementation of EIP-1559. Using today’s exchange rates, that equates to $ 729 million of the second largest crypto asset by market capitalization.
Tags in this story
2.0 contract, 32 Ether, Burned ETH, Burned Ether, contract address, cryptocurrency, DeFi, digital assets, EIP-1559, ETH, ETH 2.0, Eth2 contract, Eth2 deposit address, Eth2 deposits, Ether, Ether statistics, Ethereum, Ethereum 2.0, Ethereum Staking, Fees, Onchain Research, Onchain Revenue, Phase 0, PoS, Proof of Stake (PoS), Proof-of-Stake, Revenue, Smart Contract, Staking, Vitalik Buterin
What do you think of the 7.4 million Ethers worth more than 29 billion US dollars bound by the Ethereum 2.0 Treaty? Let us know what you think on this matter in the comments below.
Jamie Redman
Jamie Redman is the News Lead at Bitcoin.com News and a Florida-based financial tech journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. As of September 2015, Redman has written more than 5,000 articles for Bitcoin.com News on the disruptive protocols emerging today.
Photo credit: Shutterstock, Pixabay, Wiki Commons, Dune Analytics, Etherscan,
Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement for any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on the content, goods or services mentioned in this article.
Comments are closed.