Ethereum’s ETH2.0 Deposits Hit 148% of Required 524,288 ETH

Quick take: Ethereum investors continue sending ETH to the ETH2.0  staking contract This is despite the minimum threshold of 524,288 ETH been met 775,232 ETH is currently locked in the contract which is 148% of the required amount According to Weiss Ratings, the high deposits means everyone wants to get onboard Continual deposits is a clear sign of investor confidence in Ethereum The minimum threshold of Ethereum deposits required to trigger Phase 0 ETH2.0 was met earlier this week. ETH2.0 Deposits Hit 148% of Required 524,288 ETH However, Ethereum investors have continued to send their ETH to the ETH2.0 deposit contract despite the minimum amount of 524,288 ETH being met.

Source, CryptoQuant.comEveryone Wants to Get On Board According to the team at Weiss Crypto Ratings, Ethereum deposits to the ETH2.0 surpassing the minimum amount by such a huge margin is a sign that everyone wants to be part of the upgrade and network. This amount of funds is approximately 0.68% of the total circulating supply of Ethereum and a testament to investor confidence in the upcoming upgrade to the network.

More News