Eth2 Rises As Third Betting Network After Polkadot, Cardano

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The Ethereum 2.0 (Eth2) network is now the third largest network based on betting capital with Ethereum's locked volume in Eth2 reaching 2.09%.


Last night, Ether managed to surpass the all-time record of January 25 at $ 1,547 and at the time of writing, ETH traded at $ 1,560 with a 10% jump in 24 hours.


About 2.5 million ETHs are locked in, making the total Eth2 betting capital worth $ 3.6 billion.



This means that Eth2 has successfully overtaken Avalanche which owns a $ 3.4 billion betting asset with a betting capital representing 69.5% of Avalanche's supply, AVAX.


At the same time, Polkadot is the largest crypto asset with 60% of its supply representing $ 10.8 billion, followed by Cardano with 71% of its supply totaling $ 9.5 billion.


Deposits into Eth2 have also been seen to be sustained since genesis in early December last year.


January records show almost one million Ethers entered have been locked for betting while the number of validators has increased by 55% from 49,200 to 76,200. 

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