The Ethereum held in the ETH 2.0 deposit contract has reportedly achieved a record high value of astounding 25,937,766 ETH, according to Glassnode Analytics.
This milestone was previously attained when the ETH 2.0 deposit contract was unlocked and withdrawals from it were made possible following the Shanghai upgrade that took place in April of this year. However, despite the fact that some validators started withdrawing their money, a lot more started or kept adding Ethers to the Ethereum staking contract.
Ethereum deposits reached a new record high, demonstrating a strong degree of confidence in Ethereum’s future and the benefits it will present to validators, dApp developers, and other users.
In addition to the ATH in Ethereum deposits noted above, additional legendary heights have also been attained. In particular, there are now 102,913,926 nonzero ETH wallets, which is a record high.
A spike in activity on the second-largest blockchain network is indicated by rising gas use (7d MA), which reached a one-month high of 48,074.464. The popularity of meme currencies like PEPE, Shiba Inu, LADYS, and others this year has led to significant increases in Ethereum costs.
