Ethereum (ETH) Beacon Chain Shatters Records With $7.7 Billion Inflows

Ethereum (ETH) Beacon Chain Shatters Records With $7.7 Billion Inflows

Ethereum’s (ETH) Beacon Chain has seen significant inflows since staking withdrawals were enabled on April 12th, with over $7.7 billion worth of Ethereum deposited into the contract. This is despite some initial predictions of a flood of outflows following the Shanghai Upgrade.

The Beacon Chain is a core component of Ethereum 2.0, the next generation of the Ethereum blockchain. It is a Proof-of-Stake (PoS) blockchain responsible for coordinating validators, validating transactions, and proposing and finalizing blocks in the Ethereum network.

Ethereum Beacon Chain Defies Critics

Trending: TikTok Thug “Mizzy” Leads Huge Mob of Young Punks Through Popular Store, Tearing It Apart, Shouting, Jumping on Counters and Frightening Customers [VIDEO]

According to the research firm Arkham Intel, The total amount of deposited Ether now exceeds the April 12th balance by around 1.25 million ETH, with daily deposits varying widely, sometimes reaching up to 225,000 ETH (over $400 million in a

Continue reading


Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report •
Thanks for sharing!
Send this to a friend