🔥 Ethereum 2.0 deposit contract surpasses $30B in value 🚀
▶️ The Ethereum 2.0 deposit contract currently contains 9,403,649 ETH, or about $31 billion.
▶️ This deposit contract allows users to transfer funds from Ethereum mainnet to Beacon Chain, a parallel Proof-of-Stake network.
▶️ Ethereum is expected to switch to Proof-of-Stake with a proposed merge with Beacon Chain, tentatively scheduled in June 2022.