1. PixelPlaygroundHome
  2. Metaverse Insights

Ethereum Beacon Chain Pledges Reach Over $27 Billion

• Metaverse Insights • 117 views

On February 27th, according to the data of OKLink multi-chain browser, the total amount of pledge of Ethereum beacon chain reached 171547279 ETHs, and the pled…

Ethereum Beacon Chain Pledges Reach Over $27 Billion

On February 27th, according to the data of OKLink multi-chain browser, the total amount of pledge of Ethereum beacon chain reached 171547279 ETHs, and the pledged Ethereum accounted for 14.36% of the total supply of Ethereum, which reached 27.86 billion US dollars at the current price.

The total pledge amount of Ethereum beacon chain exceeded 17 million ETHs, and the pledge rate reached 14.36%

Interpretation of the news:


The message highlights the significant rise in the pledge of Ethereum on the Beacon Chain. OKLink multi-chain browser data reveals that the total amount of pledged Ethereum on the Beacon Chain reached 171547279 ETHs on February 27th. This is a substantial increase in the Ether being held in staking contracts on the Beacon Chain when compared to the previous months. It indicates that more holders of Ethereum are pledging their coins to the network, which is an encouraging sign for the development of the Ethereum ecosystem.

According to the data, the pledged Ethereum has reached 14.36% of the total supply of Ethereum, which is a notable achievement. The total supply of Ethereum is finite, and as the demand for the coin continues to grow, holding a large percentage of the market cap as pledge is a significant boost to the Beacon Chain. The total amount of 27.86 billion dollars for the pledged Ethereum represents a substantial amount of assets being held in the network.

The Ethereum network has been growing in leaps and bounds, and the ongoing transition from the Proof of Work (PoW) consensus algorithm to Proof of Stake (PoS) has been a significant milestone. The Beacon Chain serves as the base layer of the Ethereum 2.0, and the PoS consensus algorithm aims to enhance the network’s security, scalability, and sustainability. Stakers and validators are critical to the success of the PoS architecture, and the pledge of Ethereum is an essential aspect of staking.

In conclusion, the pledge of Ethereum on the Beacon Chain reaching over $27 billion represents a milestone achievement for the Ethereum ecosystem’s development. Ethereum holders are incentivized to hold their coins and pledge them to the network, which ultimately benefits the network. The Beacon Chain serves as an essential infrastructure for Ethereum 2.0, and the growing amount of pledge indicates the community’s active participation in shaping the future of the network.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/3617/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/27/2023 04:37
Next 02/27/2023 04:57

Recommended articles