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. 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 Sassano
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Coinbase validator uptime and participation rate at 99.75%
Coinbase also shared that it exceeded its target for validator uptime, which indicates the percentage