The contract for the ETH 2.0 passes the 10 billion dollar mark as Ethereum sets new ATH
The total value of the ETH 2.0 employment contract exceeded $ 10 billion after the digital wealth rally to a new all-time high.
According to data on Eth2 Launchpad, the Ethereum Foundation’s way of putting tokens in the official deposit contract, the number of Ethereum in the deployment contract has exceeded 4 million ETH. And since the digital asset exceeds $ 2,600, the total value of Ethereum in the contract is over $ 10.4 billion. At press time, Ethereum switched hands at around $ 2,618.
The increase in the number of Ethereum in the stake agreement is an indication that more people are using the cryptocurrency to earn rewards. This may not be inextricably linked with the recent Berlin upgrade and the upcoming EIP-1559. Investors are generally optimistic about the future of the leading altcoin. As of April 22, 2021 there were a total of 122,134 validators.
Scope or Death One of the main drawbacks of the Ethereum network has been high gas fees. The problem got so severe last year that some projects either had to be shut down or migrated to other blockchains like Binance Smart Chain.
Although the fees are still very high, Ethereum’s developers began the transition to a more scalable and robust network in December. On December 1st, the upgrade from Ethereum 2.0 went live and marks the consensus of the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS).
The move received very positive support from the ETH community due to the level of activity in the network. For example, the demand for stakeout locations two weeks after the start already exceeded the supply. In addition, the contract saw an inflow of more than 1 million ETH within the first week of its launch.
Ethereum is still the boss.While some other blockchain protocols have received the title “Ethereum Killer”, non could not oust the second largest cryptocurrency.
Ethereum remains a cornerstone of the Decentral Finance (DeFi) and Non-Fungible Token (NFT) segments. The asset’s recent rally to a new high is directly related to its use in the DeFi and NFT ecosystems. Following improvements in the network, the DeFi stores have seen a certain surge in activity.
Confidence in Ethereum is growing as it slowly moves to PoS. Some industry participants have even set their price targets at $ 20,000 per coin.
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