ETH 2.0 staking continues to climb as burned Ethereum breaks 73k

Ethereum’s price has seen a favorable climb over the last thirty days. The crypto has surged nearly 75% from 22 July until 21 August. Ethereum has sky-rocketed from $1,800 up to its current price of $3,265.

Key reasons for ethereum enjoying positive price action can be credited to the recent London hard fork upgrade, which now sees ethereum being burned daily. Since the upgrade, ethereum has burned a total of 73,569 ether, or $240 million. That is an additional 27,551 Ether burned in the past week.

The Ethereum 2.0 staking platform has also seen an addition of nearly 200,000 more ethereum added to the total ETH being staked on the staking platform. The total being staked now sits at 7,092,551 ethereum. That amounts to a value of $23.5 billion. The total number of validators also jumped. The platform saw an increase of 5,495 new validators since last week. The total number of validators now sits at 214,490. The current Annual Percentage Rate (APR) of staking on the platform sits at 5.9%

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