Ethereum (ETH) Reaches Massive New Milestone: Report
Second largest digital currency has hit important new milestone that shows trust from community
Glassnode analytics company has shared that the amount of Ethereum locked in the ETH 2.0 deposit contract has reached a new peak value of a staggering 25,937,766 ETH.
This milestone was reached previously, after the Shanghai upgrade that took place in April this year, when the ETH 2.0 deposit contract was unlocked and withdrawals from it were enabled. Still, even though some validators began taking their funds out, a lot more started to deposit or continued depositing Ethers to the Ethereum staking contract.
A new all-time high in Ethereum deposits indicated a high level of trust in the future of Ethereum and the opportunities it has to offer to validators, dApp builders and other users.