The total value of staked ethereum hits $10.07 billion as the price of ETH increases and more people continue to stake ETH for rewards.

About 3.9 million ETH was staked as of April 22, 2021, according to on-chain data from Glassnodes.

Ethereum 2.0 upgrade has also pushed it to become an alternative Proof-of-Stake (PoS) Network.

The new consensus mechanism upgrade will be more scalable when it’s completed!

Author: mBRzeVZxHo

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