According to Odaily, Ethereum 2.0 staking deposits have reached a historic high. Data disclosed by Santiment reveals that the Ethereum 2.0 staking deposit contract, known as the ETH2 beacon chain deposit contract, currently holds 47.36 million ETH. This figure represents a record high in the history of Ethereum 2.0 staking deposits.
The amount of ETH held in the deposit contract accounts for 33.9% of the total supply, marking a significant increase from the 10.9% recorded two years ago. This represents a growth of more than double in the past two years.
Ethereum 2.0 is a major upgrade to the Ethereum blockchain. It aims to improve the scalability, security, and sustainability of the network. Staking is a key feature of Ethereum 2.0, allowing users to participate in the network's security by locking up their ETH in return for rewards. The increase in staking deposits indicates a growing confidence in the Ethereum 2.0 upgrade among users.