Data: At present, only 31% of the pledged ETHs are profitable

According to the data of Binance Research, since the launch of the Beacon Chain (Beacon Chain) in December 2020, more than 16.5 million ETHs (worth 27.7 billion US dollars) have been pledged, of which 31% or 5.115 million ETHs have made profits, and the remaining 11.385 million ETHs are in a loss state. Among them, a considerable number of ETH (about 2 million) were pledged at the price of $400 to $700, representing the earliest pledger in December 2020.

Interpretation of this information:

The data presented by Binance Research indicates that since the launch of the Beacon Chain in December 2020, there have been more than 16.5 million ETHs pledged. This amount is equivalent to around $27.7 billion US dollars. Among this pledged amount, 31% or 5.115 million ETHs have been profitable, while 11.385 million ETHs are currently in a state of loss. It is worth noting that 2 million ETHs were pledged at the price range of $400 to $700, which represents the earliest pledgers in December 2020.

The Beacon Chain is the first step towards Ethereum’s transition to a Proof-of-Stake consensus mechanism. It is a separate blockchain that exists parallelly with the current Ethereum network, allowing validators to pledge ETH and participate in block validation. The launch of the Beacon Chain has been a significant milestone for Ethereum, as it facilitates the transition to a more energy-efficient and secure network.

The data presented by Binance Research highlights the amount of ETH that has been pledged and the state of these pledges. The fact that 31% of the pledges have been profitable shows that some early entrants have seen a considerable return on investment. However, it is worth noting that 11.385 million ETHs are currently in a state of loss, possibly indicating that some individuals or institutions may have taken on excessive risk, or that the market’s volatility has resulted in unstable returns.

The significant number of ETHs pledged in the price range of $400 to $700 indicates that some individuals or institutions were quick to stake their funds on the network. This suggests a degree of confidence in the Beacon Chain’s potential and the future of Ethereum.

In conclusion, Binance Research’s data provides insight into the state of Ethereum’s transition to a Proof-of-Stake consensus mechanism. The fact that over 16.5 million ETHs have been pledged since the launch of the Beacon Chain is an encouraging sign, indicating that the network has garnered interest and participation from validators. The three keywords that summarize this data are: ETH pledges, profitable, and loss.