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June 28, 2022
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About 5% of the Ethereum supply is deposited in ETH 2.0

The total amount of ETH deposited into the Ethereum 2.0 contract reached an all-time high of 5,917,314 ETH

According to the Twitter user’s recent tweet @eth2validators, on June 26, the total amount of ETH deposited in the Ethereum 2.0 contract reached an all-time high of 5,917,314 ETH.

That’s the equivalent of $10,267,013,175 at the current US dollar ETH exchange rate and 5.08 percent of the total Ethereum offering.

The number of ETH 2.0 phase zero active validators is currently 175,862 with 8,161 more in the queue.

Image via Twitter

Users continue to deposit their Ethereum coins into the ETH 2.0 contract to become validators once the ETH 2.0 update is implemented and the second largest blockchain network switches to the Proof-of-Stake protocol, abandoning Proof-of-Work.

As of this writing, ETH is trading at $1,749, according to data provided by CoinMarketCap. The second largest cryptocurrency dipped below the $2,000 support on June 21st and that mark has now turned into resistance.

ETH has tested it a few times since then, but has failed to break above it.

Today’s $1,749 is close to the price range ETH traded in March of this year, before climbing to an all-time high of $4,362 on May 12th.

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Image via CoinMarketCap

Source: U.Today

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