Public Ethereum blockchain data

Lido Finance Reaches 1M Ethereum Validators, Leads with 28.5% Staked Ether

Apr 30, 2024, 05:00 PM

Lido Finance, a leading decentralized finance (DeFi) protocol on the Ethereum blockchain, has achieved a significant milestone by reaching 1 million Ethereum validators. This makes Lido the largest node operator in the Ethereum network, commanding 28.5% of all staked Ether. The protocol's achievement underscores its dominance in the Ethereum staking ecosystem, where a total of 27% of all Ether (approximately 32 million ETH) is currently staked. Following Lido, Coinbase is the second-largest operator with 13.6% of staked Ether. The increase in validators and staked Ether highlights the growing demand for a credibly neutral and trustless staking environment in the blockchain space. Obol Network has deployed Obol DVs within the Lido Node Operator set and continues to run DVT on all LSPs.