Ethereum Hits 1 Million Validators Prompting Community Concerns
26% of Ethereum's supply is staked, highlighting the strong commitment to Ethereum's proof-of-stake (PoS) consensus mechanism.
The Ethereum network has reached a noteworthy milestone by attaining one million validators.
Based on data from the Dune Analytics dashboard developed by Hildobby, the quantity of ETH staked has risen to 32 million, with an approximate value of $114 billion at current market rates. This figure accounts for 26% of the total Ethereum supply.
Ethereum’s New Milestone
The data also reveals that around 30% of the staked ETH is attributed to Lido, a liquid staking platform designed for PoS cryptocurrencies.
Staking pools like Lido have become immensely popular among users, enabling individuals with smaller amounts of ETH to pool their assets and participate in the staking process.
Over 1 million Ethereum validators
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