Over $12.4billion worth of Ethereum is held in the contract today as ETH2.0 exceeds 6million.
Recent Trends in the crypto space show that Ethereum 2.0 has exceeded 6 million Ether this week as the contracts now hold more than $12.4 billion worth of Ethereum today.
Ethereum Has experienced a Fall in price according to on-chain metrics which has also slowed down decentralized finance (Defi) activity compared to last summer’s statistics.
With the on-chain dips, the performance of Ethereum in the first and second quarters outweighs Bitcoin. Much attention has recently been paid to the Ethereum network in recent times as the Anticipated Ethereum 2.0 deposit contract currently holds over 6 million ether, as its holders are getting set for it.
Glassnode and Lars Hoffmann show Ethereum network on-chain dips and (Defi) activity slowing in recent times. “Despite volumes declining, the year-over-year growth in monthly [decentralized exchange] volume remains up 5600%+. Volume has consolidated around the $2B daily levels, with significant spikes during periods of heightened volatility, silence otherwise,”
The Ethereum Active Address and Market Metrics Still Outshine Bitcoin in 2021 even with the noticeable drawdowns, they have been noticeable metrics in addition to the 6million Ether deal.
On Sunday, June 27th the crypto market insight shows that Ethereum has over 200k more daily active addresses than bitcoin, for the third day since January first, 2017.
It has been a bad time for BTC as it had its worst performance in Q1 and Q2. “Despite high correlation with bitcoin, On Friday 25th, bitcoin dominance levels are around 45.7% while Ethereum’s dominance is around 17.6% of the entire $1.358 trillion crypto market cap.
The upgraded Ethereum network which hopes to be efficient, scalable, and improves in speed has taken Ether to great new heights with more transactions. upon reaching the final phase ETH’s goal of becoming transparent and open for decentralized applications and finance (Defi) will be archived.