published A recent economic review of Ethereum 2.0 carried some interesting conclusions, most notably that approximately 80% of the Ethereum supply is in wallets ready for the “stacking” process.

The crypto community is still waiting for the expected upgrade that will move Ethereum from version 1.0 to Ethereum 2.0.

The first phase of the Ethereum 2.0 upgrade called “Beacon” has been running a full node beta since May, and quota rewards are being paid to validators who test the new platform.

According to some recent reports, it is unlikely that the main network will be launched this year and the launch may be postponed until 2021.

Will the launch of Ethereum 2.0 be delayed until 2021 or will it be launched during this month?

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Ethereum is ready for the “stacking” process:

has been done search by Tanner Hoban and Tom Burgers of ConsenSys.

The Ethereum 2.0 economic model is far more complex than the current Proof of Work system and relies on nearly 100 variables that have an impact on authentication revenue, costs, revenue, and network issuance.

As for the researchers’ most important findings, 77.7% of the total Ethereum supply, or approximately 86 million ETH, is held by personal wallets (outside cryptocurrency exchanges) with more than 32 ETH in each.

For information, the minimum required for an Ethereum allocation process is 32 Ethereum, so these wallets mentioned above are ready for the new Ethereum 2.0 allocation process.

The research added that 18.7 million ETH is managed by cryptocurrency exchanges that are also ready for the quota process.

The research concluded the following:

This market is serviceable, and the main objective of the incentive program should be to maximize network participation and turn these portfolios into active auditors.

As for Ethereum whales, according to Etherscan, 8 of the top 10 Ethereum addresses all belong to central exchanges.

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In general, the results are favorable for the future of Ethereum.

Supply and demand:

If the lion’s share of the Ethereum supply is held for stakes, only a few will be available to trade in the markets, which will drive demand and prices when Ethereum 2.0 is finally launched.

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The DeFi boom this year failed to raise the price of Ethereum even though the decentralized finance market reached its highest level by total closed value, currently at 3.5 million ETH or 3.1% of the total Ethereum supply.

Ethereum price is still weak at around $230, and as such it is still 83.5% lower than Ethereum’s January 2018 high.

It seems that 80% of Ethereum holders and investors are only waiting for one thing and that is the stake bonus.

Read also:

The founder of Ethereum reveals the mistake he doesn’t want to repeat with the Ethereum 2.0 upgrade

An overview of Ethereum 2.0 and its most important features