The Meteoric Rise of Ether
Ether is like that friend who shows up to the party dressed to the nines and steals the spotlight—currently flaunting new record prices above $1,480 as of February 2! Just when we thought it couldn’t get any better, it tested the waters at $1,550 after a solid 12% bump in just 24 hours. Talk about making waves!
Eth2 Takes the Staking Crown
Thanks to Ether’s price gains, Eth2 is now basking in the glory of being the third-largest network by staked capitalization. That’s a grand total of about $3.6 billion in staked assets, despite the fact that only 2.09% of Ethereum’s supply is currently locked up. It’s like having a VIP pass at a club with hardly anyone in line. With about 2.5 million ETH staked, the financial fire is real.
Comparing the Giants: Eth2 vs. Avalanche and Polkadot
With Eth2 surpassing Avalanche’s $3.4 billion in staked assets, it’s like watching a heavyweight match where one contender just knocked out the other. Avalanche’s staked capitalization equals 69.5% of its total supply while Polkadot reigns as the king of this metric, boasting 60% of its assets locked, amounting to a whopping $10.8 billion. In the ring, Cardano is not far behind, with 71% staked, totaling nearly $9.5 billion.
The Steady Climb of Eth2 Deposits
Eth2 has been on a steady climb since its beacon chain genesis back in December, and January brought about nearly one million more Ether locked up for staking. The total number of validators spiked by 55%, rising from 49,200 to 76,200. It’s like the crowd at a concert swelling as the headliner takes the stage!
Ether vs. Bitcoin: A Competitive Edge
Since the year kicked off, Ether has taken a commanding lead, gaining 70% over Bitcoin in the ETH/BTC markets. It’s now just 5% away from testing its local high at 0.045 BTC from January 25—a level it hasn’t seen since August 2018. In the battle for supremacy, Ether is definitely making its presence felt!
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