Ethereum Reaches Second Largest Weekly Deposit Record After Shanghai Upgrade

04/24/2023 04:54 • Blockchain Buzz • 150 views

According to reports, according to 21Shares analyst Tom Wan, the weekly deposit volume of Ethereum reached 539900 ETHs in the week after Shanghai’s upgrade, setting the second largest weekly deposit record to date. The largest weekly deposit record for inflows occurred on November 23, 2020, when 5565800 ETHs were deposited. Among the top CEX providing Ethereum pledge services, the number of ETHs pledged by Coin is the highest, reaching 107000. Other CEX data include: Huobi: 45200 ETHs, Kraken: 23000 ETHs, and Coinbase: 11900 ETHs.

Data: After the upgrade in Shanghai, the weekly deposit volume of Ethereum reached nearly 540000 ETHs, setting the second highest record in history

Introduction

Reports have shown that Ethereum’s weekly deposit volume reached 539900 ETHs after Shanghai’s upgrade, setting the second largest weekly deposit record to date. This article will delve into the specifics of the situation and explore the data provided by 21Shares analyst Tom Wan in relation to Ethereum deposits. Additionally, we will look into the numbers provided by various top CEX platforms, such as Coin, Huobi, Kraken, and Coinbase.

Understanding Ethereum Deposits

Ethereum deposits are a vital aspect of the cryptocurrency market. They are used to assure the security and integrity of the Ethereum network, as well as being a key component to unlock various Ethereum-based services. By making a deposit, individuals can contribute to the overall health and performance of the network while also providing themselves with a way to access valuable services.

Record-Breaking Deposits

According to 21Shares analyst Tom Wan, Ethereum’s weekly deposit volume reached 539900 ETHs the week after Shanghai’s upgrade. This set the second largest weekly deposit record to date, an impressive feat for Ethereum enthusiasts. The largest weekly deposit record for inflows occurred on November 23, 2020, when 5565800 ETHs were deposited.

Ethereum Pledge Services

CEX platforms offer Ethereum pledge services, which allow users to deposit Ethereum into a platform for a variety of uses. Coin has the highest number of ETHs pledged, reaching 107000. Other CEX data include: Huobi, which has 45200 ETHs pledged, Kraken, which has 23000 ETHs pledged, and Coinbase, which has 11900 ETHs pledged. These numbers demonstrate the importance of CEX platforms in the cryptocurrency ecosystem and their contributions to the overall health of Ethereum.

Conclusion

In conclusion, Ethereum’s weekly deposit volume reaching 539900 ETHs after Shanghai’s upgrade is a testament to the strength and popularity of Ethereum in the cryptocurrency market. Additionally, CEX platforms have played a crucial role in Ethereum’s success by offering pledge services, which allow users to deposit ETHs and access valuable services.

FAQs

1. What is the purpose of Ethereum deposits?
– Ethereum deposits are used to assure the security and integrity of the Ethereum network and unlock various Ethereum-based services.
2. What was the largest weekly deposit record for Ethereum inflows?
– The largest weekly deposit record for inflows occurred on November 23, 2020, when 5565800 ETHs were deposited.
3. What CEX platform has the highest number of ETHs pledged for Ethereum pledge services?
– Coin has the highest number of ETHs pledged, reaching 107000.

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