Ethereum Enters Uncharted Territory With Lockup Skyrocketing

Ethereum (CRYPTO: ETH) has reached a fresh record, with 19,375,242 ETH now locked away, amounting to a total value locked (TVL) of $27.7 billion.

This achievement comes despite recent minor withdrawals. It also has significant implications for Ethereum and its investors, particularly concerning the cryptocurrency's potential for ongoing growth.

The locked-up ether can be categorized into various segments, such as staked ETH on the Beacon chain, transferred ETH to the Beacon contract awaiting validation, and rewarded ETH on the Beacon chain. 

Twitter user @Nansen commented on this:

 

ETH locked* hit an all-time recently at 19,375,242 ETH

When you zoom out, the withdrawals seem like a dip for ants

*All ETH that is "out of circulation":
• ETH staked on Beacon chain
• ETH deposited to the beacon contract but not validating yet
• Rewards on the Beacon chain pic.twitter.com/N1jyR7hcBO

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