LATEST: ETH2 Beacon Contract Reaches All-Time High of 47.36M ETH

The ETH2 Beacon Deposit Contract now holds an all-time high of 47.36 million ETH, representing 33.9% of the entire Ethereum supply. This marks a dramatic increase from the 10.9% it held two years ago, reflecting growing confidence and participation in the network’s transition to a proof-of-stake (PoS) consensus mechanism.

Data from Santiment reveals that wallets with 10 million or more ETH, particularly those associated with the Beacon Deposit Contract, have seen a 23.0% increase in supply over the past two years. Conversely, wallets holding 10,000 ETH or more, excluding the Beacon Deposit Contract, experienced a 5.3% supply drop in the same period. This shift underscores the significant migration of Ethereum holdings into staking as users seek to support the network and earn rewards.

Wallets with 10,000 ETH or less have seen a 17.7% decrease in supply, indicating a redistribution of assets towards larger staking pools. This trend highlights the growing commitment to Ethereum 2.0 and the evolving dynamics of Ethereum’s supply distribution as it moves towards a more sustainable and efficient blockchain ecosystem.

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