A tenth of ETH is staking

According to analysts, 10% of the Ethereum cryptocurrency is now in a frozen state on a deposit contract.

About 10 billion ETH worth over $26 billion has been temporarily withdrawn from circulation. The second most important cryptocurrency passed this milestone 14 months after the mining of the ETH 2.0 genesis block on 12/01/2020.

After the network switches to PoS mining, validators in the network will be able to receive a reward for the funds deposited into the deposit contract. They will start earning on staking. This will happen, tentatively, in December 2022, if the network 2.0 will work in June.

 

 

Recall that validators currently earn 4.8% per annum in Ethereum cryptocurrency, but cannot yet withdraw it. They will be able to withdraw accumulated rewards at the end of this year.

In June, the payment of rewards to ETH miners who mine blocks will also be eliminated. Now they receive about 13 thousand coins daily in the amount of $34 million. A round amount of $1.2 billion is accumulating every month. After June 2022, miners will have to switch to other digital assets.

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