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More Than $1B Ether Staked on Ethereum 2.0
The total amount of Ethereum locked in Ethereum 2.0 has surpassed $1 billion since it went live.
The total amount of ether locked in Ethereum 2.0 has surpassed $1 billion since it was launched in the beginning of this month, according to data from Etherscan.
STORY CONTINUES BELOW
- Approximately $1,033,261,422.14 worth of ether is locked on Ethereum 2.0 as of press time.
- Prices for ether were traded at around $672.72, up 7.13% in the past 24 hours.
- The years-long upgrade of Ethereum, the world's largest smart-contract platform, went live on Dec. 1.
- The first phase of development for Ethereum 2.0 is centered on the creation of a separate proof-of-stake blockchain network called the Beacon Chain.
- On the Beacon Chain, ether holders with a minimum of 32 ETH can earn rewards in the form of annualized interest on their holdings. (CoinDesk is among those staked in Eth 2.0.)
- Many major crypto exchanges including Coinbase and Kraken have introduced Ethereum 2.0 staking services to their users.
- At the same time, data from blockchain analytic firm CryptoQuant shows the amount of ether held in all exchanges' wallets has been falling since late June.
Muyao Shen
Muyao was a markets reporter at CoinDesk based in Brooklyn, New York. She interned at CoinDesk in 2018 after the initial coin offering (ICO) craze before she moved to Euromoney Institutional Investor, one of Europe's largest business and financial information companies. She graduated from Columbia University Graduate School of Journalism with a focus in business journalism.
