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Ethereum Beacon Chain Attracts Massive Pledge Amounts

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It is reported that according to the latest data on the official website of Ethereum, the total number of verifiers of Ethereum beacon chain has exceeded 52000…

Ethereum Beacon Chain Attracts Massive Pledge Amounts

It is reported that according to the latest data on the official website of Ethereum, the total number of verifiers of Ethereum beacon chain has exceeded 520000, with 520252 at the time of writing. In addition, the total pledge amount of Ethereum reached 17691212 ETHs, with an APR of 3.7%. According to the current price, the total value of pledged ETHs was close to US $30 billion.

The number of verifiers of the Ethereum beacon chain exceeded 520000, and the total pledge amount was close to 17.7 million ETHs

Interpretation of the news:


The latest data on Ethereum’s official website indicates that the total number of verifiers on Ethereum’s beacon chain has surpassed 520000, with more than 520252 at the time of reporting. Additionally, the total pledge amount on the Ethereum network has reached an astounding 17691212 ETHs, with an annual percentage rate (APR) of 3.7%. Based on the current market value, the total value of pledged ETHs amounts to approximately US $30 billion.

This unprecedented growth in the number of verifiers of Ethereum’s beacon chain and the significant pledge amount demonstrates a remarkable trend in the current market. Ethereum’s beacon chain is the foundation for the Ethereum 2.0 network and is responsible for enabling staking, which allows network participants to earn rewards by pledging their ETH. The rise in the number of validators signifies a growing belief in the Ethereum network, as more individuals and institutions seek to be part of its ecosystem.

The surge in the value of pledged ETHs on the Ethereum network is a significant milestone for the Ethereum 2.0 upgrade. This upgrade aims to improve the scalability, security, and sustainability of the Ethereum network, making it more user-friendly and efficient. The Beacon Chain was the first phase of this upgrade, and it has been instrumental in attracting more players to the network.

The high APR illustrates the attractiveness and profitability of staking on the Ethereum network. The ability to earn passive income by pledging their tokens is one of the main reasons behind the growing number of validators. This trend is set to continue, as Ethereum transitions to a proof-of-stake consensus mechanism.

In conclusion, the remarkable growth in Ethereum beacon chain validators and the huge amount of pledged tokens on the network point to a promising future for the Ethereum network. It also signals a positive trend for the cryptocurrency market as a whole, as the rise in the popularity of decentralized finance protocols is driving investment and innovation in the industry.

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