The number of ETH pledged on the new beacon chain of Ether 2.0 has exceeded 9.9 million.
300,000 verifiers on ETH 2.0
According to Beaconcha.in, there are currently over 300,000 verifiers on Ether's new proof-of-stake based blockchain, with each verifier pledging an average of 33.5 ETH.
The new beacon chain is not yet truly operational, so normal transactions of ETH and ERC-20 tokens continue to take place on Ether's traditional proof-of-work blockchain. However, the new blockchain, which will merge the current blockchain in the future, already has over 3 million blocks.
Since ETH must be pledged to generate the blocks for these verified transactions, and since the net gain is proportional to the ETH pledged, many people decide to pledge their ETH in this way to receive a reward.
It is worth noting that the ETH pledged on the beacon chain cannot be withdrawn until it is fully operational. Moreover, the date when this will happen is still unknown.
Over $25M in ETH on Beacon ChainStaking on Ether 2.0: $25.8M on Beacon Chain
Today 9.9 million ETH equals $25.8 billion, or more than 8% of all existing ETH in the world.
The fact that each of the 300,000 verifiers pledged an average of over 33 ETH ($87,000) is not surprising, as many of these verifiers have actually collected ETH from the entire population.
For example, many exchanges allow their customers to pledge small amounts of ETH as they collect them from many users and place them in pledged mining pools.
It is also worth remembering that the verifier must pledge at least 32 ETH in order to be accepted on the beacon chain.
According to Staking Rewards, the current reward for Ether 2.0 pledgers is 4.81% per year, compared to 6.07% for Terra and 5.72% for Solana.
However, it is worth remembering that these returns are not fixed but change over time, and most importantly, LUNA and SOL pledged on Terra and Solana can be withdrawn at any time, while ETH pledged on the Beacon chain cannot.
In the last 12 months, the ETH pledged on the beacon chain has nearly tripled from 3.4 million on March 11, 2021 to 9.9 million today. In the same period, the value of 1 ETH has increased from $1,800 to $2,600.
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