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Ethereum (ETH) Reaches Massive New Milestone: Report

Tue, 07/18/2023 - 13:00
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Yuri Molchan
Second largest digital currency has hit important new milestone that shows trust from community
Ethereum (ETH) Reaches Massive New Milestone: Report
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Glassnode analytics company has shared that the amount of Ethereum locked in the ETH 2.0 deposit contract has reached a new peak value of a staggering 25,937,766 ETH.

This milestone was reached previously, after the Shanghai upgrade that took place in April this year, when the ETH 2.0 deposit contract was unlocked and withdrawals from it were enabled. Still, even though some validators began taking their funds out, a lot more started to deposit or continued depositing Ethers to the Ethereum staking contract.

A new all-time high in Ethereum deposits indicated a high level of trust in the future of Ethereum and the opportunities it has to offer to validators, dApp builders and other users.

Aside from the aforementioned ATH in Ethereum deposits, other historic peaks have been reached too. In particular, the number of nonzero wallets for ETH has surged to an all-time high of 102,913,926.

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Growing gas usage (7d MA) soaring to a one-month high of 48,074.464 indicates a rise in activity on the second largest blockchain network. This year, big rises in Ethereum fees have been down to the trend of meme coins such as PEPE, Shiba Inu, LADYS and others.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at