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Home»News»Cryptocurrency News»The upgraded Ethereum in London burns over 1 million

The upgraded Ethereum in London burns over 1 million

Cryptocurrency News December 24, 2021
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The upgraded Ethereum in London burns over 1 million
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According to ultrasound.money data, as of December 24, the total amount of Ethereum burned reached 1.25 million, with a total value of more than 5 billion U.S. dollars.

Among them, the application that destroys the most Ethereum is OpenSea, which burns more than 131,300 Ethereum, accounting for about 10.5% of the total. Ethereum transfer and Uniswap V2 are ranked second and third respectively, accounting for 9.82% (122,800) ) And 8.9% (111,700 pieces).

In fact, in addition to the continuous burning demand since the upgrade in London this year, the Ethereum 2.0 pledge that began last year has also provided a significant impact on the continued tightness of the demand side of ETH from another dimension.

A review of the first anniversary of the Ethereum 2.0 pledge

The Eth2 pledge launched by Ethereum in December last year means that Ethereum has officially begun to transition from Proof of Work (PoW) to Proof of Stake (PoS), and Ethereum 2.0 has entered the 0th stage.

The past year has also ushered in considerable development. According to official data from ethereum.org, as of December 24, the number of ETHs participating in Ethereum 2.0 pledge has exceeded 8.75 million, and the pledge amount accounts for the total circulation of Ethereum. More than 14.28%, of which the total number of verifiers is 273,600.

Although the progress of Ethereum 2.0 is not satisfactory, with the advancement of the day, the pledge of Ethereum 2.0 will undoubtedly become an unavoidable important track in the Ethereum world in the future.

It also contains considerable market volume and innovation opportunities in terms of improving the passive income of long-term ETH holders and creating investment opportunities for pledge derivatives, which deserve special attention.

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