Mar 14th 2022
The state of the Ethereum Consensus Layer upgrade
The Ethereum Consensus Layer upgrades, previously called Ethereum 2.0, progress as the staked ETH and the number of validators see steady growth.
Source: Beaconcha.in
A total of 312,000 validators together stake 10 million ETH on the Beacon Chain. This $25.8 billion worth of ETH represents 8.3% of the total circulating supply.
Such a high share of the total circulating supply staked indicates that the confidence in Ethereum's long-term future is high. In addition, the current yearly staking reward of 4.81% has likely also contributed to attracting ETH holders to stake their holdings to earn yields.