Total Value Locked in ETH 2.0 Deposit Contract Hits $7.6 Billion As ETH Reaches $2,152 ATH

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Sat, 04/03/2021 - 10:52
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Yuri Molchan
TVL of crypto in the ETH 2.0 contract has exceeded $7.6 billion, exchange withdrawals rise as ETH hits a new all-time high
Total Value Locked in ETH 2.0 Deposit Contract Hits $7.6 Billion As ETH Reaches $2,152 ATH
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On Friday, April 2, the second biggest crypto, Ethereum, reached a new all-time high, hitting $2,152.

After that reports came out that the total value locked in the Ethereum 2.0 deposit contract has surpassed $7.6 billion (3,645,442 ETH) and a new high in ETH exchange withdrawals has been reached.

$7.6 billion ETH locked in ETH 2.0 contract

As Ethereum has soared to another all-time high above $2,000, ETH verifiers keep locking their coins in the Ethereum 2.0 deposit contract.

According to a Glassnode chart, earlier today the total value of ETH locked in the contract amounted to a staggering $7,658,232,113.59 – that’s a new all-time high.

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The previous all-time high achieved on April 1 totalled $6,911,649,697.

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Ethereum Shows Green Candles for 3 Consecutive Days, Soars to $1,945 Since Monday: Possible Reasons

ETH withdrawals see new 1-month high

The Glassnode team has also shared that the amount of Ether that has been withdrawn from exchanges by investors has reached a one-month high of 1,385.137 (7-day moving average).

In the meantime, the number of wallets with 1,000 ETH or more has dropped to a 3-year low of 6,523 as investors keep absorbing more of the second largest cryptocurrency.

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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 yuri.molchan@u.today.

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