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Find out the amount of Ethereum deposited in the Ethereum 2.0 deposit contracts!

Find out the amount of Ethereum deposited in the Ethereum 2.0 deposit contracts!

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Answer Find out the amount of Ethereum deposited in the Ethereum 2.0 deposit contracts!

According to Glassnode, the total amount of ETH deposited in the Ethereum 2.0 contract has reached 13 million ETH, or 10.9% of the total supply.

Of this amount, Lido holds 4.13 million ETH, or 31.8% of the total stake, and greater than Coinbase, Kraken, and Binance combined.

These platforms hold approximately 3.5 million ETH, around 27% of the total share.

The audit of the Ethereum “Beacon” network, which was launched in December 2020, required investors to deposit 32 Ethereum into an Ethereum 2.0 contract with no specific withdrawal date.

Whereas, Lido allows users to participate in Ethereum stakes even in small stakes using automated self-executing financial contracts and receive payouts in the form of stETH tokens, which can eventually be exchanged 1:1 with Ethereum, but only after the upgrade and merger process is completed. .

Read:The Bakkt platform sets the official launch date for the platform and the market is interacting positively

With a total locked value (TVL) of $5.05 billion, Lido is currently the fourth largest DeFi protocol built on the Ethereum blockchain, according to DefiLlama data.

Last week, Ethereum successfully tested the merger and switch from its Proof of Work (PoW) to PoS mechanism, becoming the second public testnet out of three to be merged.

The price of Ethereum is down 75% from its all-time high, so the majority of Ethereum holders are in a losing position, according to the analytics firm Glassnode.

In a previous article today on Arab Bitcoin, we mentioned the drop in Ethereum transaction fees to record levels:

Ethereum transaction fees hit their lowest level in two years after the price fell in the last 24 hours

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Ethereum transaction fees hit their lowest level in two years after the price fell in the last 24 hours


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