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The Ethereum network, the backbone for thousands of decentralized applications, has reached a significant milestone, now powered by over 13,900 nodes and surpassing one million validators. This expansion is crucial for enhancing the network’s capability to secure more ether, with validators now staking over 32 million ETH, valued at more than $114 billion. This staking pool represents about 26% of Ethereum’s total supply, showcasing the growing trust and investment in the platform’s security and potential.
In an effort to democratize the staking process, platforms like Lido are playing a pivotal role, accounting for approximately 30% of the staked ether. Lido enables users to participate in staking with smaller amounts of ether, thereby broadening access to Ethereum’s staking rewards system. This development underscores Ethereum’s robust security mechanisms and its appeal to both large and small investors aiming to contribute to and benefit from the network’s ongoing growth and stability.
