Statistics now show the Eth2 deposit contract has more than 5.2 million staked ether worth over $13 billion locked into the smart contract. The contract launched on November 4, 2020, and three weeks later, the contract met the required threshold to initiate the Beacon Chain. It’s not cheap to become a validator these days, as today’s exchange rates show the 32 ether to get started will run a user more than $84k.
Ethereum users have added quite a bit of ether to the “Eth2 deposit contract,” as it’s called on Etherscan as 5,210,370 ETH has been deposited to-date. That’s $13.6 billion worth of ether locked into the Beacon Chain contract, which was invoked six months and three weeks ago.
At the time of writing, there’s more than a dozen 32 ETH-sized transactions waiting to be confirmed. In order for an individual to become a staking validator, 32 ether worth over $84k today is required. Dune Analytics statistics show the contract is 993.66% above the 524k threshold.
