Bullish price activity has tipped the total value of ETH locked into Ethereum 2.0 past $2.4 billion. Find out what other network metrics have been impacted by ether’s latest price gains.
It’s safe to say that 2021 is off to a great start for Ethereum.
Since ringing in the new year on January 1, the price of ether (ETH), the native cryptocurrency of the network, has appreciated 48% and surpassed the threshold of $1,150 for the first time since January 2018.
On Ethereum 2.0, a higher ETH price means higher earnings for validators. However, it also means a higher barrier to entry for users wanting to become new participants of the network through purchasing and depositing 32 ETH.
(Data as of 1/5/2021 @ 18:20 UTC)
While rewards earned by Ethereum 2.0 validators have stabilized over the last two weeks to around 0.008 ETH/day, the