Ethereum Beacon Deposit Contract holds over 80M ETH, worth approximately $160B, making it the largest single address by far.
For the first time in the history of Ethereum, its proof-of-stake contract now holds over half of the network's ETH supply.
CoinShares and Ethplorer.io say the 50% figure reflects cumulative deposits, not active staked ETH, which remains closer to 30% of supply.
Onchain development activity on Ethereum has rebounded sharply, driven by tokenized assets, stablecoins and infrastructure, according to Token Terminal. Despite sluggish Ether (ETH) price action, ...