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The Growing Use of Ethereum’s Beacon Chain: An Analysis of Data from Dune Analytics

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According to reports, according to data from Dune Analytics, the total pledge amount of the Ethereum beacon chain reached 17982953 ETHs, and the pledged ETH accounted for 14.93% of

The Growing Use of Ethereum’s Beacon Chain: An Analysis of Data from Dune Analytics

According to reports, according to data from Dune Analytics, the total pledge amount of the Ethereum beacon chain reached 17982953 ETHs, and the pledged ETH accounted for 14.93% of the total supply of ETH. Among them, the pledge share of the liquidity pledge agreement Lido reached 31.35%. In addition, the total number of deposit addresses has reached 100968.

The total pledge amount of Ethereum Beacon Chain is close to 18 million ETHs

Ethereum has long been a mainstay in the world of blockchain technology, providing a platform for decentralized applications and smart contracts that power everything from digital currencies to supply chain management. But with the development of Ethereum 2.0 and the introduction of the beacon chain, the network is taking a bold new step forward. In this article, we’ll take a look at recent data from Dune Analytics to explore the growing use of Ethereum’s beacon chain, including the total amount of pledged ETH, the share of liquidity pledge agreements, and the number of deposit addresses.

Total Pledge Amount of Ethereum’s Beacon Chain

According to reports, the total pledge amount of the Ethereum beacon chain has now reached 17982953 ETHs. This represents a significant milestone for the network, demonstrating a growing interest in the utilization of the new Proof of Stake consensus mechanism that Ethereum 2.0 provides. In addition, this pledge amount accounts for 14.93% of the total supply of ETH, making it a significant metric for evaluating the network’s overall health and adoption.

The Share of Pledge Agreements in Liquidity

As Ethereum developers seek to address the issue of liquidity, many have turned to pledge agreements to help boost the network’s value propositions. One such agreement, Lido, has emerged as a leader in this regard, with a pledge share of 31.35%. This indicates a strong belief in Lido’s ability to provide users with a reliable, secure way to stake their ETH on the network, as well as a significant show of support for the project’s developers.

The Number of Deposit Addresses for Ethereum’s Beacon Chain

Finally, it is worth noting the total number of deposit addresses that have been created for Ethereum’s beacon chain. As of this writing, this number has now reached 100968, representing a significant amount of growth since the beacon chain’s launch in December of 2020.

Conclusion

Overall, the data from Dune Analytics paints a picture of a growing and increasingly robust beacon chain ecosystem for Ethereum. With a significant share of the network’s total supply of ETH now pledged to the chain, and a thriving ecosystem of liquidity pledge agreements like Lido, it seems clear that developers and users alike are embracing the future of Ethereum 2.0.

FAQs

1. What is Ethereum’s beacon chain?
The Ethereum beacon chain is a key component of Ethereum 2.0, designed to provide greater scalability and security to the network.
2. What is a pledge agreement?
A pledge agreement is a way for users to pledge their ETH to the network in order to help support value propositions and drive growth.
3. What is Lido?
Lido is a popular liquidity pledge agreement designed to help users stake their ETH securely and reliably on the Ethereum network.

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