• Total ETH staked reached its highest value. 
• As positive sentiment waned, the price stagnated within a narrow range.

Ethereum [ETH] validators have deposited $52.3 billion into the ETH2.0 contract to secure the L1 Chain. According to on-chain data provider IntoTheBlock, this marked the highest value it has ever reached.

The Ethereum network is currently being secured by a staggering $52.3 billion, marking the highest value it has ever reached. As the value of #ETH used to secure the network increases, it becomes increasingly challenging for any potential attacker to gain control over it. pic.twitter.com/2hrzj82Nk0

— IntoTheBlock (@intotheblock) July 21, 2023

Is your portfolio green? Check out the Ethereum Profit Calculator

To become a validator on the Ethereum PoS network, validators are required to deposit 32 ETH into the ETH 2.0 contract. As of the time of writing, the total number of ETH deposited into this contract by validators running the network was 27.05 million ETH, per data from Glassnode.

This represented 22.46% of the leading

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Author: Abiodun Oladokun

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