ETH 2.Zero Contract Surpasses 9 Million Ethereum Price $28 Billion – Know-how Bitcoin Information

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The number of ethers locked in the Ethereum 2.0 contract has surpassed 9 million ethereum, or more than $28 billion at today’s exchange rates. The amount of Ethereum specified in the contract has increased by 22.29% since the first week of September 2021, when the contract included 7.4 million Ether.

Ethereum 2.0 contract exceeds 9 million ether

While the Proof-of-Work (PoW) side of the Ethereum network has hit an all-time hashrate high of over 1 petahash per second (PH/s) this year, the transition to Ethereum 2.0 continues, with Ether being transferred to ETH is bound 2.0 contract.

ETH 2.0 contract surpasses 9 million Ethereum worth $28 billion

To become a validator and stake Ethereum, 32 ETH must join the pool of ETH 2.0 validators. When the ETH 2.0 contract was first launched, Bitcoin.com News reported that Ethereum co-founder Vitalik Buterin contributed funds to the contract on November 6, 2020.

As of January 17, 2022, etherscan.io data shows that the ETH 2.0 contract holds approximately 9,057,890 Ethereum worth over $28 billion (at the time of writing). The data shows that the contract exceeded 9 million ether on January 16, 2022.

Year-to-date, Ethereum’s price is up over 150%, but in the last 30 days, Ether is down 18.5% and two-week stats show Ether is down 17.5% against the US Dollar. While Ethereum’s market cap has hovered around 18-20% throughout 2021, ETH dominance stands at around 17.9% today.

When Bitcoin.com News reported the contract of over 7.4 million, Ether was slightly more valuable as the supply was valued at $29.3 billion at the time. In addition to the 9 million Ether locked in the ETH 2.0 contract, 1,541,113 Ethereum worth $5.8 billion (at the time of writing) have been burned since the implementation of EIP-1559.

Between the ETH 2.0 contract and the burned Ethereum since the launch of EIP-1559, the value at the time of writing is $33.8 billion.

tags in this story

2.0 contract, 32 ether, burned eth, burned ether, contract address, cryptocurrency, eip-1559, eth, eth 2.0, eth2 contract, eth2 deposit address, eth2 deposits, ether, ether stats, ethereum, ethereum 2.0, ethereum Staking, Fees, PoS, Proof of Stake (PoS), Proof-of-Stake, Revenue, Smart Contract, Staking, Vitalik Buterin

What do you think of the 9 million Ethers locked in the Ethereum 2.0 contract? Let us know what you think about this topic in the comment section below.

Jamie Redman

Jamie Redman is the news director at Bitcoin.com News and a Florida-based financial technology journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about today’s emerging disruptive protocols.

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