Ethereum 2.0 stacking involves $1 billion worth of ETH

The deposit contract of the second version of the Ethereum protocol attracted 1.54 million ETH ($1.02 billion).

The ETH involved in the staking accounts for 1.35% of the market supply of the second most capitalized cryptocurrency.

Data: Etherscan.

The current rate of return for steaking is 13.38%, according to the service StakingRewards. At the start, the rate was about 25% per annum.

According to beaconcha.in, there are 36,101 validators in the Ethereum 2.0 ecosystem.

The 1.54 million blocked coins in the ETH2 stack are 4.5 times the number used in decentralized finance protocols. According to DeFi Pulse, this figure is 7.06 million coins (~$4.07 billion).

The following graph shows the decrease in the number of blocked coins since the launch of the deposit contract in early November.

Data: DeFi Pulse.

The decrease in Ethereum’s active supply could be good for the price of the second-capitalization cryptocurrency, especially given the growing demand amid a general market recovery. Over the past week, the price of ETH rose 18%, according to Bitcoin Victory.

Read more about the new system and the features of the zero phase, as well as the future stages of development of ETH2 in our material.

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