The exchange said that, as of March 3, it has 11.42% of the total staked ETH. Anthony Sassano, host of The Daily Gwei, said that Coinbase's stake makes the exchange the “single largest node operator” in the network. Sassano added that while the staking platform Lido is bigger as a collective, each node operator has a much smaller percentage share. Source: Anthony SassanoRelated: 83% of institutions plan to up crypto allocations in 2025: CoinbaseCoinbase validator uptime and participation rate at 99.75%Coinbase also shared that it exceeded its target for validator uptime, which indicates the percentage of time when validators are operational.
A Coinbase report revealed that the crypto exchange is Ethereum's biggest node operator, having 11.42% of the total staked Ether within the blockchain network. In a performance report, Coinbase said it had 3.84 million Ether (ETH), worth about $6.8 billion, staked to its validators.
Coinbase said they outperformed their target of 99% uptime without compromising security standards. The exchange attributed the performance to an upgrade implemented in 2024, which allowed the exchange to keep validators running while performing beacon node maintenance. Meanwhile, Coinbase validators’ participation rate is also at 99.75%.
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Author / Journalist: Cointelegraph by Ezra Reguerra
The story "Coinbase becomes Ethereum's largest node operator with 11% stake" has 430 words across 23 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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