The Ethereum network has surpassed one million validators, with approximately 32 million Ether, worth around $114 billion, staked within the network.
According to data from the Dune Analytics dashboard, which tracks Ethereum staking progress, the validator count reached the one million mark on March 28.
The 32 million ETH staked represents approximately 26% of the total supply, highlighting the substantial commitment to Ethereum’s proof-of-stake (PoS) consensus mechanism.
Lido Accounts for 30% of Staked ETH
Among the staking options available, about 30% of the ETH is staked through Lido, an Ethereum staking pool that allows users with smaller amounts of ETH to pool their assets and participate in the staking process.
Validators play a crucial role in maintaining the security of the Ethereum blockchain by monitoring transactions for any malicious activities, such as double-spending.
In Ethereum, validators propose and validate transactions within the network, requiring a stake of 32 ETH.
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