Ethereum 2.0 deposit contract value reached an ATH of 16m ETH

Ethereum 2.0 deposit contract value reached an ATH of 16m ETH

According to data provided by Glassnode, the total value of the Ethereum 2.0 deposit contract reached new all-time highs (ATH) while the number of wallets in loss has dropped to a one-month low level.

Per the data provider, the total number of ethereum (ETH) accumulated in the deposit contract has reached 16,087,719 ETH, worth around $25.5 billion at the time of writing. Ethereum is trading at $1,577, up 18.6% in the past seven days.

Moreover, the deposit contract was first mentioned in Oct. 2020 by a member of the Ethereum 2.0 blockchain’s development team, Ben Edgington. A month later, Ethereum co-founder Vitalik Buterin announced the official launch of the contract and said that it was fully funded, according to a report.

The total value of the deposit contract reached the $10 billion mark in April 2021, when ETH was trading at around $2,500.

On the other hand, the number of ethereum wallets in loss has reached a one-month low of 37,769,550, per Glassnode’s data. 

On Jan. 16, ETH’s staking rewards rose to 7.5%, while the asset’s inflation showed signs of dropping as only 260 ETH were distributed in the past five months.

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