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Ethereum 2.0 Deposit Contract Enters "Parabolic" Stage, Almost 250,000 Ethers Locked

Ethereum (ETH) investors are trying to catch a last ride to ETH2 staking, demonstrate insane enthusiasm

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In the last two days, the global Ethereum (ETH) community has witnessed an impressive increase in the stake locked in the ETH2 deposit contract. A number of catalysts are accelerating the depositing process.

Total amount of stake doubled in 24 hours

Nov. 20 marked an important turning point in Ethereum 2.0 deposit contract funding. In the last two days, Ethereum (ETH) enthusiasts managed to lock in this contract with more money than in the two previous weeks. At press time, 245,728 Ethers, or 46.87% of the minimum required amount are transferred to the Beacon Chain launch contract.

Ethereum 2.0 launch contract is on half way to finality
Image by EthereumPrice.org

A total of 130,000 Ethers were deposited on Nov. 20-21. At this rate, the Ethereum (ETH) 2.0 deposit contract is very likely to meet Nov. 25 with the required sum of 524,288 Ethers.

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As covered by CryptoComes previously, seasoned Ethereum (ETH) researchers are optimistic about the prospects of Ethereum 2.0's staking launch. Elias Simos of Bison Trails indicated that three very influential groups of ETH holders have plans to join staking with their resources.

👉 MUST READ Ethereum 2.0 Deposit Contract Gains 20% Finality, But Vitalik Shares Frightening Takerelated article image

Simos mentioned Ethereum (ETH) whales, long-term Ether supporters from 2015-2016 and sophisticated investors as top drivers of Ethereum (ETH) 2.0 staking in its early stages.

A moment of clarity

Should this impressive level of 524,288 Ethers be locked into the contract in time, the second blockchain will start the rollout of its Beacon Chain, or Phase Zero. During this stage, a backbone of the proof of stake (PoS) Etheruem (ETH) iteration will be released.

Yesterday, the Ethereum (ETH) community demonstrated its change in paradigm as it approaches the possibility of this launch. For the first time in a while, 61 percent of Omen.eth bettors are sure that Ethereum (ETH) 2.0 will launch on Dec. 1 as intended.

Omen.eth markets sentiment changes
Image by Omen.eth

Only 24 hours ago, the community of this decentralized prediction markets service showed 50 percent less confidence in the success of the ETH2 Beacon Chain.

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Vladislav Sopov

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)