Ethereum 2.0 Becomes Third Most Collateralized Network as ETH Price Breaks New Highs

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2021-02-03 17:41 (UTC+8)

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ETH continues to break through $1,500 to hit a new all-time high. From the perspective of mortgage assets, Ethereum 2.0 is now the third largest mortgage network.

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ETH continues to break through $1,500 to hit a new all-time high. From the perspective of mortgage assets, Ethereum 2.0 is now the third largest mortgage network.

Editor's Note: This article comes fromCointelegraph Chinese (ID: CointelegraphChina)Editor's Note: This article comes from

Cointelegraph Chinese (ID: CointelegraphChina)

, Author: SAMUEL HAIG, reproduced by Odaily with authorization.

The rise in the price of ETH, which brought it to a new all-time high, also pushed Ethereum 2.0 contracts to become the third most collateralized network. This is despite the fact that only 2.55% of the ETH supply is currently locked in Ethereum 2.0.TradingView

On February 2, ETH hit an all-time high of $1,480. ETH is up 12% in 24 hours, touching as high as $1,560.

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ETH/BTC since January 2017, 1-day chart:

Polkadot is currently the most locked crypto asset with 60% of its supply locked at $10.8 billion, followed by Cardano with 71% of its supply collateralized at nearly $9.5 billion.

Ethereum 2.0 deposits have grown steadily since the launch of the beacon chain in early December. In January, about 1 million ETH was locked, while the total number of Ethereum 2.0 validators increased by 55% from 49,200 to 76,200.TradingView

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