After the Shanghai upgrade enabled staked Ethereum (ETH) withdrawals, more people are choosing to lock up their coins in beacon deposit contracts, demonstrated by the fact that since the update, the amount of staked Ethereum has increased rapidly and set a new record.
Specifically, the amount of Ethereum staked has reached a new all-time high (ATH) as it surpassed 25.8 million ETH, currently worth over $48 billion, according to the recent data shared by the blockchain and cryptocurrency industry analytics platform CryptoRank in a tweet on June 29.
Ethereum deposit contract value. Source: CryptoRank
Notably, the Ethereum deposit contract balance had crossed the value of $40 billion in late May, demonstrating a sharp move upward since the introduction of the critical feature that was not present during Ethereum’s transition from the proof-of-work (PoW) to the proof-of-stake (PoS) consensus mechanism after the Merge upgrade.
Ethereum price analysis
Meanwhile, Ethereum was at press time
We współpracy z: https://finbold.com/ethereum-is-gaining-investors-confidence-as-go-to-asset-for-passive-income/
