Tag Archives: ethereum 2.0

The number of ether coins held on exchanges continues to decrease and has reached its lowest position in more than two years. This comes as the tokens sent to the ETH 2.0 contract reached a new all-time high of over six million. ETH on Exchanges Down to a 2.5Y Low According to data from CryptoQuant, the ETH reserves on centralized exchanges had seen a massive drop in the past several days and especially after the mid-May market crash when investors rushed to deposit their...

The total amount of ETH staked ahead of the upcoming Ethereum 2.0 upgrade has grown significantly and will likely continue to increase as the launch date draws closer. 100 ETH Staked in a Day Data from CryptoQuant revealed yesterday that more than 100k ETH worth over $200 million as per current prices was sent to the Ethereum 2.0 deposit contract in a single day. With the new staking, the total value of ETH now locked up in the Eth2 contract is currently more than 5% of the...

According to recent data, the amount of ETH locked in the ETH 2.0 deposit contract has reached over five million, marking a major event for the Etherum community. Data from Dune Analytics shows 5,223,042 ETH —$14 billion at press time— has been sent to the ETH 2.0 contract. The lock-up amount is nearly 1,000% of the original 524,000 ETH threshold, which was the minimum needed to move forward with the staking process. There are currently 27,132 “unique depositors,” and 152,000...

After consecutive months of exceptionally high transaction fees, the costs on the Ethereum and Bitcoin blockchain networks have dropped to multi-month lows. This came after the latest massive price crash and recovery attempts. Bitcoin and Ethereum Fees Calm The Ethereum network became synonymous with high fees following the substantial boost in popularity of decentralized finance, non-fungible tokens, and other operations running on top of it. As previously reported, the...

The largest Ethereum wallets have refused to dispose of substantial quantities of their holdings despite the massive turbulence that the asset experienced in the past week. At the same time, a study compiled by a researcher from the Ethereum Foundation estimated that once the network transitions from PoW to PoS, it will reduce the energy consumption by 99.95%. Ethereum’s Whales Have Not Sold The second-largest cryptocurrency has been among the best performers since the start...

While some traders have panic-sold during the recent market-wide crash, Ethereum whales have continued accumulating massive chunks. As a result, the number of large ETH holders has surged to a new all-time high. Meanwhile, ETH is also charting serious intraday gains against BTC. ETH Whales Keep On Buying The second-largest cryptocurrency entered the new year at just over $700. Whether it was the massive usage of the Ethereum blockchain in DeFi and NFT, the impressive bull run...

Not too long ago, billionaire investor and owner of the Dallas Mavericks basketball team Mark Cuban commented that he owned quite a bit of bitcoin, but that his crypto portfolio also contained a healthy portion of Ethereum. While his initial sentiment was that Ethereum was considerably closer to a currency that bitcoin was, new ideas have been expressed, and Cuban allegedly seems to think that the future of the crypto space will rely heavily on ETH-based developments....

Ethereum has been on a roll in the past week or so by gaining over $500 of value. This has resulted in a new all-time high reached today of over $2,080. Just a little over a week ago – on March 24th – ETH dropped to a low of $1,520 during a market-wide retracement that drove all crypto assets south. However, the second-largest crypto has decisively reversed the trend since then. In the following nine days, ether added about $500, which led to breaking above $2,000 earlier...

In a report exploring one of the most discussed topics within the community, namely the high fees on the Ethereum network, CoinMetrics indicates that the costs now are roughly two-times higher than during the 2017/2018 run.However, the paper warned that the upcoming EIP-1559 upgrade might not solve the issues.Ethereum Fees: Then and NowThe Ethereum blockchain is arguably the most widely-utilized network in the cryptocurrency space. However, being the underlying technology of the two hottest...

Retail interest for Ethereum has been growing gradually in the past several weeks, at least judging by the new record levels of smaller addresses holding ETH portions.Additionally, the total value locked in the ETH 2.0 Deposit Contract has also reached a fresh ATH of over $6.2 billion worth of the token.ETH: Retail Purchase, Whales SellThe Ethereum network, the underlying technology behind some of the most booming crypto fields lately – NFT and DeFi – has enjoyed a gradual increase in...