5.9M ETH Locked in ETH 2.0 Contract Makes 5.08% of Total Ethereum Supply


eth 2.0

The number of Ethereum (ETH) locked in the ETH 2.0 contract has reached an all-time high, rising to 5.08% of the total Ethereum supply.

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According to the latest tweet from Twitter user @eth2validators, today, June 26, the total amount of ETH invested in the Ethereum 2.0 contract rose to an all-time high of 5,917,314 ETH.

This is equivalent to $10,267,013,175 at the current ETH exchange rate and 5.08 percent of the total Ethereum bid. The number of active validators in the ETH 2.0 zero phase is currently 175,862, with 8,161 in the queue. Users continue to deposit their Ethereum into the ETH 2.0 contract to become validators as soon as the ETH 2.0 upgrade is implemented. Eventually, the second largest blockchain network will switch from the Proof-of-Work protocol to the Proof-of-Stake protocol.

According to data provided by CoinMarketCap, ETH is trading at $ 1783 at the time of writing. The second largest crypto dived below the $2000 support on June 21, which has now turned into resistance. ETH has since tested it several times but failed to rise above it.


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