@$57554: Staking Contract of ETH 2.0 Reaches $35 Billion Worth of Coins
Ethereum has struggled in terms of price over the last seven days, but the crypto community kept pouring their ETH assets into the deposit contract of its network upgrade (ETH 2.0).
Since the introduction of Beacon Chain in December 2020, the ETH community has staked more than 8.3 million coins under Ethereum 2.0. During the same period, the price of the crypto asset jumped from $600 and touched an all-time high of almost $4,900 in November 2021.
In May 2021, the staking contract of Ethereum’s network upgrade crossed 5 million coins with a total value of $14 billion. Since then, the price of ETH and the overall volume of staked ETH has increased sharply.
According to Vitalik Buterin, the network upgrade of Ethereum will make the entire ecosystem efficient. ETH’s shift from the current proof-of-work network to a more efficient and improved proof-of-stake network will solve energy issues and speed problems.
More Airdrops...
More NFT Drops...
More Crypto News...
- Free Valley Air District 2023 Calendar
- Free Valley Air District 2023 Calendar
- Free Valley Air District 2023 Calendar
- Bear Market Blues: Miners and Long-Term Holders Are Dumping Their Bitcoin
- Why Argentina Is Saying, “Viva La Bitcoin Revolution!”
- Bitcoin And Anarchy Have Rules Without Rulers
- FREE AlcheGold Tokens In Alchemon NFT Airdrop!
- FREE ANSR Coins In Answerly Crypto Airdrop!
- Bitcoin Reclaims $19K, Terra Classic (LUNC) Jumps 7% (Market Watch)
- FREE ANSR Tokens In Answerly NFT Airdrop!
- Using Bitcoin Derivatives To Discern Speculation From True Momentum
- Bitcoin is the Cure to Global Yield Curve Control: Arthur Hayes
- Do Kwon Refutes 3,313 BTC Transfer Allegations, Terra Whistleblower Backs Founder
- FREE NFTs Tokens In Rubic NFT Airdrop!
- FREE Metaverse Citizenship Tokens In Blockchain Land NFT Airdrop!
