Ethereum Beacon Chain: Over 520,000 Verifiers and $30 Billion in Pledged ETH

02/18/2023 01:20 • Metaverse Matters • 92 views

It is reported that according to the latest data on the official website of Ethereum, the total number of verifiers of Ethereum beacon chain has exceeded 520000, with 520252 at the time of writing. In addition, the total pledge amount of Ethereum reached 17691212 ETHs, with an APR of 3.7%. According to the current price, the total value of pledged ETHs was close to US $30 billion.

The number of verifiers of the Ethereum beacon chain exceeded 520000, and the total pledge amount was close to 17.7 million ETHs

Analysis based on this information:

The latest data on the official website of Ethereum reveals that the total number of verifiers of Ethereum beacon chain has exceeded 520,000. As of the writing of this article, it stands at 520,252. This is a significant milestone for Ethereum and shows how the demand for decentralized finance (DeFi) and blockchain-based services are still growing.

The Ethereum 2.0 upgrade has introduced the beacon chain, which marks the first phase of the upgrade aimed at improving the scalability and security of the Ethereum network. The beacon chain is a new blockchain that operates in parallel to the existing Ethereum network.

To become a validator on the beacon chain, users need to pledge a minimum of 32 ETHs that are locked up in a smart contract. The total pledge amount of Ethereum currently stands at 17,691,212 ETHs, with an annual percentage rate (APR) of 3.7%. This means that those who have staked their ETHs can earn a return of 3.7% per year on their investment.

According to the current price of Ethereum, the total value of pledged ETHs is close to US $30 billion. This huge amount is a clear indication of the confidence that investors and users have in the Ethereum network and its potential for growth.

The large number of verifiers on the beacon chain means that there are more people validating transactions and adding new blocks to the network. This leads to improved security and scalability of the network, which is a crucial factor for the growth and adoption of Ethereum-based services.

In conclusion, the latest data on the Ethereum beacon chain shows that the network is growing rapidly, with over 520,000 verifiers and $30 billion in pledged ETH. This is a positive sign for the Ethereum ecosystem, indicating a growing demand for blockchain-based services and an increasing interest in decentralized finance.

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