London’s impact: Ethereum 2.0's staking contract becomes largest ETH holder
Cointelegraph
Published Aug 26, 2021 09:07AM ET
Updated Aug 26, 2021 10:40AM ET
Recently, the Ethereum network reached a new staking milestone. On Aug. 17, the Ethereum 2.0 staking contract became the single largest holder of Ether (ETH), surpassing Wrapped Ether (WETH). According to data from Etherscan, the Eth2 deposit contract now holds over 7.14 million Ether tokens, valued at $23 billion at the time of writing.
This accounts for nearly 6.1% of all Ether tokens in circulation, which means that the staking rate for Ethereum is now over 6%. The Wrapped Ether deposit contract comes in second, holding 6.97 million tokens — i.e., 5.94% of all Ether. Data from Beaconcha.in reveals that there are now 217,354 validators on the Ethereum network.
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Written By: Cointelegraph
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