Funds in Ethereum 2.0 deposit contract exceed $22 billion

The Ethereum 2.0 deposit contract now tops the list of the largest ETH addresses. The value of assets locked in it has surpassed 6.8 million ETH (~$22.29 billion at the price at the time of writing) — more than 5.8% of the cryptocurrency’s circulating supply.

The second place in the ranking, with a balance of 6.75 million ETH, is the Wrapped Ethereum (WETH) contract; the third is one of the Binance exchange wallets, which holds 2.3 million ETH.

The tenth place is held by the Polygon bridge contract; it locks 660 883 ETH.

In August, the number of active Ethereum 2.0 validators surpassed 210,000. On average, the figure increases by 557 per day.

In the near term, the level of funds in the Ethereum 2.0 deposit contract is expected to keep rising — withdrawals remain blocked until the merge with the live protocol is completed.

According to Staking Rewards, Ethereum 2.0 ranks third by the value of assets staked (behind Cardano and Solana).

As reported, the merger of the two blockchains will occur in about six months.

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