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More Than $1B Ether Staked on Ethereum 2.0

The total amount of Ethereum locked in Ethereum 2.0 has surpassed $1 billion since it went live.

Updated Sep 14, 2021, 10:44 a.m. Published Dec 17, 2020, 6:42 p.m.

matthaeus/Unsplash, modified by CoinDesk

The total amount of ether locked in Ethereum 2.0 has surpassed $1 billion since it was launched in the beginning of this month, according to data from Etherscan.

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Approximately $1,033,261,422.14 worth of ether is locked on Ethereum 2.0 as of press time.
Prices for ether were traded at around $672.72, up 7.13% in the past 24 hours.
The years-long upgrade of Ethereum, the world's largest smart-contract platform, went live on Dec. 1.
The first phase of development for Ethereum 2.0 is centered on the creation of a separate proof-of-stake blockchain network called the Beacon Chain.
On the Beacon Chain, ether holders with a minimum of 32 ETH can earn rewards in the form of annualized interest on their holdings. (CoinDesk is among those staked in Eth 2.0.)
Many major crypto exchanges including Coinbase and Kraken have introduced Ethereum 2.0 staking services to their users.
At the same time, data from blockchain analytic firm CryptoQuant shows the amount of ether held in all exchanges' wallets has been falling since late June.