{"id":34050,"date":"2022-08-22T04:32:18","date_gmt":"2022-08-22T08:32:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=34050"},"modified":"2022-08-22T04:32:22","modified_gmt":"2022-08-22T08:32:22","slug":"eth-2-0-deposit-contract-hits-highs-as-investors-anticipate-merge","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/eth-2-0-deposit-contract-hits-highs-as-investors-anticipate-merge\/","title":{"rendered":"ETH 2.0 deposit contract hits highs as investors anticipate merge"},"content":{"rendered":"\n
The amount of ETH in the Ethereum 2.0 staking contract has risen to a new record high with Ethereum's mainnet Merge just around the corner.<\/h5>\n\n\n\n
\"ETH
ETH 2.0 deposit contract hits highs as investors anticipate merge<\/figcaption><\/figure>\n\n\n\n

The total amount of ETH placed in the Ethereum <\/a>2.0 staking contract reached a new record high of 13,340,584 (13.34 million) , according to data from OKLink. The assets were valued at $21.3 billion at the time this sentence was written.<\/p>\n\n\n\n

Since the beginning of this month, the amount of ETH staked\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> in the contract has increased dramatically as Ethereum gets closer to the eagerly anticipated Merge upgrade.<\/p>\n\n\n\n

According to OKLink data, since the start of August, almost 36,000 ETHs have been added each week, bringing the total number of coins staked this month to 153,000 ETH, or $244.34 million at the current exchange rate.<\/p>\n\n\n\n

The rise in depositors and Ethereum balances, in particular, indicates that investors are optimistic about Ethereum and have high hopes for the project.<\/p>\n\n\n\n

Increased Deposits of ETH 2.0<\/h2>\n\n\n\n

Keep in mind that since the ETH 2.0 staking<\/a> contract's introduction in November 2020, the quantity of Ethereum currencies invested has been expanding quickly.<\/p>\n\n\n\n

The non-custodial liquid staking mechanism for Solana called Lido, according to cryptocurrency data analytics company Glassnode, has the most Ethereum staked. Lido's staked ETH amounts to 31.8% of the total amount locked, according to Glassnode.<\/p>\n\n\n\n

Merge upgrade edge closer <\/h2>\n\n\n\n

In the interim, Ethereum is getting closer to the update known as The Merge, which will see it switch from a Proof-of-Work (PoW) consensus mechanism to a Proof-of-Stake (PoS).<\/a><\/p>\n\n\n\n

The Merge could take place before September 19, 2022, according to Ethereum protocol engineer Terrence Tsao. Tsao pointed out that there is a chance that last-minute changes to the date could occur owing to unanticipated events.<\/p>\n","protected":false},"excerpt":{"rendered":"

The amount of ETH in the Ethereum 2.0 staking contract has risen to a new record high with Ethereum’s mainnet Merge just around the corner. The total amount of ETH placed in the Ethereum 2.0 staking contract reached a new record high of 13,340,584 (13.34 million) , according to data from OKLink. The assets were […]<\/p>\n","protected":false},"author":38,"featured_media":34064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[153,8500],"class_list":["post-34050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum-merge"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/1-14.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/34050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=34050"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/34050\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/34064"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=34050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=34050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=34050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}