The Ethereum 2.0 platform continues its upward pace and is approaching 7 million ETH in staking and adds a total of 208,995 validators.
The staking in Ethereum 2.0 continues to record an increase in the total number of Ethereum in staking. The gradual rise is approaching 7 million ETH.
Almost 7 million ETH in staking
Currently, the launchpad indicates that there are 6.9 million ETH in staking, which equates to a total value of $ 21.7 billion.
The price increase can be attributed to Ethereum’s recent price rally. Just three weeks ago, the total value in staking it was at 6.6 million ETH, worth 14 billion in locked value.
Nowadays, the platform has incorporated almost 9,000 additional validators for three weeks, and
While Ethereum continues to rise. At the time of writing this article, The total amount of ETH that has been burned since the update amounts to 46,018 ETH, which is equivalent to 144.96 million dollars.
Ethereum ETF coming up?
While Ethereum continues to see an increase in popularity and use, Delaware-based Kryptoin Investment Advisors applied for an Ethereum exchange-traded fund (ETF) before the United States Securities and Exchange Commission on August 12.
This becomes the third application for an Ethereum ETF so far this year. But nevertheless, the SEC has not approved any ETFs.
At the same time, Ethereum’s transaction volume has managed to exceed Bitcoin’s volume for the first time.
In a letter to shareholders regarding its performance in the second quarter of 2021, Coinbase revealed that the transaction volumes for Ethereum surpassed Bitcoin for the first time.
After almost a full month of bullish momentum, Ethereum managed to hit a three-month high of $ 3,337 before seeing a slight correction over the weekend.
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