Ethereum 2.0 Staking Contract Surpasses 11 Million ETH

$Ethereum(ETH.CC)$ 2.0 deposit contract is still gaining traction among retail and institutional investors despite ETH’s uncertain price movements. According to Etherscan, a block explorer and analytics platform for Ethereum, the crypto community has now staked more than 11 million ETH under the deposit contract of its network upgrade, which is the highest level on record.
Ethereum’s network upgrade, which started officially with Beacon Chain’s launch in the first week of December 2020, witnessed a consistent rise in interest from the crypto community throughout the last 15 months. In the past 12 months, the overall volume of the staked ETH under the deposit contract of Ethereum 2.0 has jumped by more than 250%.