Since staking withdrawals were enabled on April 12th, over $7.7 billion worth of Ethereum has been deposited into Ethereum's (ETH) Beacon Chain, which is a core component of Ethereum 2.0.

The total amount of deposited Ether now exceeds the April 12th balance by around 1.25 million ETH, with daily deposits varying widely. Lido’s stETH address “0xae7” has consistently been the top depositor, accounting for over a third of the ETH locked in the deposit contract.

Despite short-term uncertainty in the cryptocurrency market, the long-term outlook for Ethereum and the broader digital asset industry remains positive.