SNEAK PEAK:
- The total number of ETH 2.0 staked addresses surpassed 527,000.
- Ethereum-based tokens have emerged as a legitimate financial instrument for traders and investors.
- Withdrawals of staked ether (ETH) were successfully replicated on a testnet for Ethereum.
According to a recent disclosure made by Wu Blockchain, the total number of ETH 2.0 staked addresses has surpassed 527,000. In contrast, the number of non-zero addresses on the Ethereum chain has exceeded 94 million. Both of these numbers are all-time highs in their respective categories.
According to experts, this suggests that Ethereum has become a popular platform for users, demonstrating that its proponents are correct in their prediction that it will play a significant role in the market for cryptocurrencies in the future.
In addition, tokens built on Ethereum have emerged as a legitimate financial instrument for traders and investors. The Ethereum blockchain is the foundational architecture for various decentralized applications.
According to the report, Ethereum’s weekly median price of gas reached 28.15 gwei, the highest point in the past half a year. This indicates that the Ethereum network is seeing increased activity, resulting in higher demand for transactions to be completed.
Additionally, with the Ethereum network’s popularity and usage on the rise, the market is likely to see more attention given to the price of gas in the coming weeks and an increase in demand for transactions.
In other related reports, for the first time, withdrawals of staked ether (ETH) were allegedly successfully replicated on a testnet for Ethereum, bringing the second-largest blockchain one step closer to its historic shift to a fully equipped proof-of-stake network.
The update began at 15:00 UTC on epoch 1350 and was completed at 15:13 UTC on the same day (10:13 a.m. ET).