Ethereum 2.0 Deposit Contract Hits New All-Time High of 13.9M ETH
Ethereum and the larger market continued to see red signals in terms of price after witnessing short-term gains. However, despite the cautionary tales and price headwinds, stakers and holders continued to build the post-Merge Ethereum castle. Ethereum blockchain’s historical shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS).
Until mid-September, Ethereum had over 429.6K active validators on the network. Additionally, increased interest from newcomers too was seen in the rising number of new validators on the network. Over the last 6-months, the gradient of new validators increased markedly in the lead-up to and following the Merge. One of the most notable developments was that roughly 150,00 ETH, worth $195 million was staked over the past week. This led to the Total Value in the ETH 2.0 Deposit Contract reaching an ATH of 13,919,623 ETH.
Source
@DeFi_ICO_Invest
