Staking in ETH 2.0 continues to rise as more validators are added to the staking platform. In less than four weeks, 180,000 to 200,121 validators joined ETH 2.0 staking. This increase of over 20,000 new validators had a positive impact on the amount of ETH staked on the platform, which also increased significantly.
Vitalik Buterin stated in a recent statement, “Price is nice, but price should only ever come as a consequence of utility”
As of today , ETH 2.0 staking has surpassed 200,000 validators, and current staking stands at over 6.6 million ETH, totaling more than $14 billion.
As previously reported, the ETH 2.0 staking platform owned 5.91 million Ethereum worth $12.7 billion. However, this figure has increased significantly, and there are now 6.6 million ETH on the staking network, worth at 14 billion USD.
Because of its popularity, Ethereum continues to witness widespread growth and adoption. Furthermore, advancements like the recently approved Ethereum 2.0 chain merge will transition the Ethereum network from a proof-of-work chain to the much-anticipated proof-of-stake census mechanism. The improvement will increase Ethereum’s usefulness, resulting in a win-win situation for both the project and its users.
Vitalik Buterin, the founder of Ethereum, has commented on the situation of decentralised finance inside the Ethereum ecosystem ( DeFi ). Buterin stated at the EthCC conference in Paris, “The decentralised space is simply a larger delta from centralised finance than it is from centralised other things.” Buterin went on to say that he would like to see Ethereum utilised for more than just DeFi. Buterin wants Ethereum to be more of a utility driver, with price being a secondary factor.