Ethereum 2.0 Deposits Surpass $1 Billion

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There are now more than $1 billion worth of eth on the new ethereum 2.0 blockchain for the first time ever. That follows a gradual increase in deposits, rising from ◊98,000 precisely a month ago to now more than 1.5 million eth. That increase has continued even after the minimum requirement of 524,000 eth was met on November 24th, with it tripling since as can be seen above. Deposits are constantly made to the contract in chunks of 32eth from solo stakers but also staking service providers. Kraken for example sent some 100,000 eth on behalf of their customers with it deposited earlier this month. Other exchanges like Coinbase are set to launch ethereum staking too with the network working without a hitch so far. The participation rate of 35,000 active validators is at above 99%, far more than we have seen in any testnet. They’re finalizing epochs with blocks…

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