The Ethereum community is not worried about the recent drop in the world’s second largest crypto-asset.

The latest data from the Etherscan platform shows that the Ethereum community has increased the amount of ETH deposited and staked into Ethereum 2.0 exponentially in the past few days.

From time to time, we provide in the Arab Bitcoin stats and figures about the value of Ethereum deposited in the Ethereum 2.0 allotment contract.

Currently, the Ethereum 2.0 deposit contract contains more than 7.7 million ETH, worth approximately $25 billion.

In August 2021, the total value of Ethereum deposited in Ethereum 2.0 exceeded the $20 billion mark for the first time in history.

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Over the past five weeks, the Ethereum community has bet over 1.2 million ETH under the network upgrade deposit contract.

The Ethereum network upgrade officially began on December 1, 2020 with the launch of “Beacon Chain”.

The community accumulated nearly 900,000 Ethereum under the deposit contract and the number jumped to over 1 million within the first three days of launch.

Rising prices in Ethereum played an important role in the recent jump in the value of the coins stacked in the Ethereum 2.0 depository contract at the launch of the “Beacon Chain,” where the world’s second largest cryptocurrency traded around $580.

According to the latest data from Coinmarketcap, the price of Ethereum is currently trading at over $3,200 with a total market cap of over $375 billion.

Ethereum upgrade and key indicators:

Earlier this month, Cathy Wood, CEO of Ark Invest, praised the upgrade of the Ethereum network.

Wood said at a conference last week:

Our trust in Ethereum has skyrocketed as we have seen the beginning of the transition from a Proof of Work mechanism to a Proof of Stake mechanism.

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The price of Ethereum has been volatile recently.

Despite this, we see that the notable transmission activity of the Ethereum 2.0 contract has grown to the May levels.

It is encouraging to see that the Ethereum team continues to innovate and improve.

Regardless of institutional interest, development activity on Ethereum’s Github has also increased sharply in the past few weeks.

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