In the past 24 hours, more than 100K ETH have actually been staked on Ethereum 2.0, bringing the overall to over 6 million ETH.<br /><br />As Ethereum 2.0 nears its launch date, the quantity of ETH staked will probably continue to grow.<br /><br />The other day, CryptoQuant released details exposing that more than 100k ETH valued at over $200 million were sent out to the Ethereum 2.0 deposit agreement in a single day.<br /><br />Now that the new staking has taken place, the total value of ETH in the Eth2 agreement now surpasses 5% of the cryptocurrency's circulating supply.<br /><br />ETH 2.0 had simply crossed a major milestone earlier this month when the quantity of tokens staked gone beyond 5.2 million ETH, or $14 billion at that time.<br /><br />Based on present market conditions, 174,318 validators are working on ETH 2.0, with that much ETH staked in the deposit contract being worth $11.6 billion due to current market losses. In contrast with the minimum ETH threshold, the present figure represents more than a 1,000% increase.<br /><br />ETH stakes and validators are on the rise, which shows that the Ethereum community continues to see the worth in ETH 2.0.<br /><br />In the ETH 2.0 upgrade, scalability and high gas fees are among the problems that were dealt with.<br /><br />Also, Ethereum will switch from the extremely resource-intensive Proof of Work (PoW) consensus algorithm to the more efficient Proof of Stake (PoS). With PoS now being carried out in Ethereum 2.0, the blockchain will become more environment-friendly.<br /><br />In theory, ETH 2.0 is expected to be much faster and more reputable than the present system because of these changes.<br /><br />⭐ Coin Market Cap: https://coinmarketcapitalization.net<br />⭐ Watch more videos here: https://www.youtube.com/channel/UCOEvYQfSiiDBV3En28YOmcg<br />
