Total value in Ethereum 2.0’s deposit contract climbs to new ATH

Ethereum’s price has been very bullish lately, with the cryptocurrency surging to touch new ATHs on the charts. While the year 2021 did see ETH hike exponentially, Ethereum has also managed to register a new ATH with regard to the total value in the ETH 2.0 Deposit Contract.
At the time of writing, Ethereum 2.0, the network upgrade for ETH, had crossed 3 million ETH under its deposit contract, with its total value locked coming close to $6 billion on the charts.
Source: Glassnode
This is a significant development for the world’s largest altcoin, with the same likely to be a key driver as it