{"id":32948,"date":"2020-12-07T15:08:27","date_gmt":"2020-12-07T13:08:27","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32948"},"modified":"2025-08-28T11:21:38","modified_gmt":"2025-08-28T08:21:38","slug":"vitalik-buterin-1-of-issued-eth-sent-to-ethereum-2-0-deposit-contract","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/vitalik-buterin-1-of-issued-eth-sent-to-ethereum-2-0-deposit-contract\/","title":{"rendered":"Vitalik Buterin: 1% of issued ETH sent to Ethereum 2.0 deposit contract"},"content":{"rendered":"<p>The deposit contract of the second version of the Ethereum protocol <a href=\"https:\/\/etherscan.io\/address\/0x00000000219ab540356cbb839cbe05303d7705fa\" target=\"_blank\" rel=\"noopener noreferrer\">attracted<\/a> 1.16 million ETH (~$689.99 million), equivalent to 1.02% of the circulating supply of the second-largest cryptocurrency by market capitalization.<!--more--><\/p>\n<p>Co\u2011founder Vitalik Buterin expressed satisfaction with the trajectory and the degree of decentralisation achieved. He said the metrics exceeded expectations.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">1% of all ETH is now in the deposit contract!<\/p>\n<p>Updated stats; the decentralization numbers are a bit worse than last time but only because they now properly treat Bitcoin Suisse with their multiple addresses as a single unit. Still doing far better than I expected! <a href=\"https:\/\/t.co\/B0ck5YGTUk\">pic.twitter.com\/B0ck5YGTUk<\/a><\/p>\n<p>\u2014 vitalik.eth (@VitalikButerin) <a href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1335729572633923584?ref_src=twsrc%5Etfw\">December 6, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><a href=\"https:\/\/github.com\/ethereum\/eth2.0-specs\/commit\/297538208ece97648a9a03b90f09fcb2d1bd8e3e\" target=\"_blank\" rel=\"noopener noreferrer\">Deposit contract<\/a> allows sending ETH from the existing network to ETH2, validating the stakers&#8217; authority.<\/p>\n<p>After transfers of 177,248 ETH and 244,096 ETH on November 23 and 24, which <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-2-0-launch-scheduled-for-december-1-as-deposit-contract-surpasses-524288-eth\">allowed to exceed<\/a> the threshold of 524,288 ETH required for launch, users reduced activity. Since then they have been sending to the deposit contract about 15,000\u201340,000 coins, with spikes of up to 75,000 coins on certain days.<\/p>\n<div id=\"attachment_118926\" style=\"width: 593px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-118926\" class=\"wp-image-118926 size-full\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-December-7-2020-2_59-PM-1.png\" alt=\"Vitalik Buterin: 1% of issued ETH sent to Ethereum 2.0 deposit contract\" width=\"583\" height=\"431\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-December-7-2020-2_59-PM-1.png 583w, https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-December-7-2020-2_59-PM-1-300x222.png 300w\" sizes=\"auto, (max-width: 583px) 100vw, 583px\" \/><\/p>\n<p id=\"caption-attachment-118926\" class=\"wp-caption-text\">Data: Dune Analytics.<\/p>\n<\/div>\n<p>According to <a href=\"https:\/\/launchpad.ethereum.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">Launchpad<\/a>, staking yields have fallen to 14.5% per annum. At launch, the figure stood at around 25% per annum.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"H79ykpgr0T\">\n<p>What is staking and how to earn from it?<\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"What is staking and how to earn from it?\" src=\"https:\/\/u1f987.com\/cryptorium\/chto-takoe-stejking\/embed#?secret=3hYT82l2c6#?secret=H79ykpgr0T\" data-secret=\"H79ykpgr0T\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Beaconscan data show that the number of validators has approached 35,000. 99 out of 100 registered validators participate in issuance and in block validation.<\/p>\n<div id=\"attachment_118927\" style=\"width: 1255px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-118927\" class=\"size-full wp-image-118927\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-December-7-2020-3_00-PM.png\" alt=\"Vitalik Buterin: 1% of issued ETH sent to Ethereum 2.0 deposit contract\" width=\"1245\" height=\"479\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-December-7-2020-3_00-PM.png 1245w, https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-December-7-2020-3_00-PM-300x115.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-December-7-2020-3_00-PM-1024x394.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-December-7-2020-3_00-PM-768x295.png 768w\" sizes=\"auto, (max-width: 1245px) 100vw, 1245px\" \/><\/p>\n<p id=\"caption-attachment-118927\" class=\"wp-caption-text\">Data: Launchpad.<\/p>\n<\/div>\n<p>1.16 million ETH blocked in ETH2 staking trails nearly sixfold the amount used in DeFi protocols. According to DeFi Pulse, the figure stands at 6.88 million coins (~$4.07 billion).<\/p>\n<p>The next chart shows the decline in the number of locked coins since <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-2-0-genesis-block-launch-date-revealed\">the launch<\/a> of the deposit contract in early November.<\/p>\n<div id=\"attachment_118925\" style=\"width: 577px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-118925\" class=\"size-full wp-image-118925\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-December-7-2020-2_59-PM.png\" alt=\"Vitalik Buterin: 1% of issued ETH sent to Ethereum 2.0 deposit contract\" width=\"567\" height=\"284\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-December-7-2020-2_59-PM.png 567w, https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-December-7-2020-2_59-PM-300x150.png 300w\" sizes=\"auto, (max-width: 567px) 100vw, 567px\" \/><\/p>\n<p id=\"caption-attachment-118925\" class=\"wp-caption-text\">Data: DeFi Pulse.<\/p>\n<\/div>\n<p>As noted, many leading exchanges, including <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-gears-up-for-ethereum-2-0-launch\">Coinbase<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/binance-launches-ethereum-2-0-staking-service\">Binance<\/a>, have enabled ETH2 staking.<\/p>\n<p>For more on the new system and the features of the zero phase, as well as future stages of ETH2 development <a href=\"https:\/\/u1f987.com\/en\/news\/launch-of-ethereum-2-0-phase-zero-whats-coming-and-what-users-should-expect\">read our piece<\/a>.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The deposit contract of the second version of the Ethereum protocol attracted 1.16 million ETH (~$689.99 million), equivalent to 1.02% of the circulating supply of the second-largest cryptocurrency by market capitalization.<\/p>\n","protected":false},"author":1,"featured_media":32949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1289,46,200],"class_list":["post-32948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-staking","tag-ethereum","tag-vitalik-buterin"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=32948"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32948\/revisions"}],"predecessor-version":[{"id":32950,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32948\/revisions\/32950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/32949"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=32948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=32948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=32948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}