ETH 2.0 Staking Nears 7M ETH, Totaling $21.7B in Value.

The ETH 2.0 staking platform continues to see a slow grind to seven million ETH being staked.

ETH 2.0 staking has continued to see its total number of ETH being staked increase. The gradual climb is nearing seven million ETH. Currently, the launchpad states that 6.9 million ETH is being staked. The cumulative value of ether being staked has soared to a massive $21.7 billion in total value. 

The surge in price can be credited to ETH’s recent price rally. Just three weeks ago the total value being staked saw 6.6 million ETH locked, with a value of $14 billion in locked value. 

Currently, the platform has added nearly 9,000 additional validators since three weeks ago. Currently there are a total of 208,995 validators on the platform. 

ETH burned breaks 46,000

While ETH being staked continues to climb. The total amount of ETH that has been burned since the upgrade now totals 46,018 at the time of writing. The total ETH burned now equates to $144.96 million in value. 

ETH ETF incoming 

While ETH continues to see an increase in popularity and usage, Delaware-based Kryptoin Investment Advisors have filed for an ETH exchange-traded fund with the U.S. Securities and Exchange Commission on Aug 12. The application becomes the third application for an ETH ETF this year. However, the SEC has continued to drag its feet on approving ETFs. 

ETH’s transaction volume has managed to exceed BTC volume for the first time ever. In a shareholder letter on its performance in Q2 2021, Coinbase revealed that transaction volumes for ETH exceeded BTC for the first time. Following nearly an entire month of upward momentum, ETH managed to hit a three-month-high of $3,337 before seeing a slight correction over the weekend. 

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