The first quarter of 2021 has officially ended. By most measures, Ethereum had an outstanding Q1.
The native cryptocurrency of the network, ether, outperformed bitcoin and traditional macro assets by a wide margin in terms of price, appreciating 156% over the quarter. Several ETH investment products were also launched, paving the way for greater institutional involvement in the ether markets.
The quarter also contained several milestones related to Ethereum’s technology roadmap and the progress of the Ethereum 2.0 upgrade.
Checking in on Zelda, our Eth 2.0 validator
In Q1 2021, the total value locked in Ethereum 2.0 more than doubled, rising from 1.5 million ETH staked to 3.6 million by the end of the period.