The amount of Ethereum on Beacon Chain is increasing day by day!

Over 31.5 million ETH, currently valued at $115 billion, are staked in Ethereum. The amount of staked ETH exceeds 26 percent of the Ethereum supply. Currently, more than 31.5 million Ethereum has been staked. The amount of ETH deposited on Beacon Chain accounts for almost 26 percent of its supply, including more than 980,000 individual validator stakes.

Demand for Ethereum (ETH) is increasing day by day!

With the recent surge in ETH price, the value of total staked assets has surpassed $115 billion. This is a sizeable portion of ETH's $440 billion market cap and underscores the amount of economic security of Ethereum.

The concept here is that to attack the network, for example by reversing transactions or performing a double-spend attack, an organization must control at least half of the total validator stake, or $57 billion. This amount represents a significant financial hurdle, making such attacks economically impractical.

The increase in Ether staking was particularly affected by the Shapella upgrade in April 2023; This allowed users and validators to withdraw their staked ether, leading to more than 11 million ETH being staked after the upgrade.

The launch of liquid staking solutions such as Lido and Rocket Pool has made staking even easier by allowing the staking of amounts less than 32 ETH and allowing staked assets to be used as collateral in DeFi. Lido Finance validators currently account for 31% of the total ETH staked. It represents more than.

What is Beacon Chain?

Beacon Chain; It has been described as a lighthouse rising above a sea of transactions, validating data, collecting votes and distributing rewards to block validators. It doesn't radically change the Ethereum used today, so you can use it as usual. The original Ethereum Blockchain will remain until it merges with the new ETH2 Blockchain.

Meanwhile, there is a major new structure being built in parallel with Ethereum, with the Beacon Chain at its core, shifting the consensus mechanism from Proof of Work to Proof of Stake. It is Phase 0 of the Ethereum 2.0 upgrade and focuses on the participation of validators who will be involved in the development of future phases of the upgrade. Validators are incentivized through staking rewards and transaction fees, and the rewards depend on the amount the user stakes.