{"id":125452,"date":"2025-03-20T09:16:49","date_gmt":"2025-03-20T09:16:49","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125452"},"modified":"2025-03-20T09:16:49","modified_gmt":"2025-03-20T09:16:49","slug":"coinbase-becomes-ethereums-largest-node-operator-with-11-stake","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125452","title":{"rendered":"Coinbase becomes Ethereum&#039;s largest node operator with 11% stake"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsA Coinbase report revealed that the crypto exchange is the largest node operator on the Ethereum network, controlling 11.42% of the total staked Ether.<br \/>\nIn 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.\u00a0<br \/>\nAnthony Sassano, host of The Daily Gwei, said that Coinbase&#8217;s stake makes the exchange the \u201csingle largest node operator\u201d in the network.\u00a0<br \/>\nSassano added that while the staking platform Lido is bigger as a collective, each node operator has a much smaller percentage share.\u00a0<br \/>\nSource: Anthony SassanoRelated: 83% of institutions plan to up crypto allocations in 2025: Coinbase<br \/>\nCoinbase validator uptime and participation rate at 99.75%<br \/>\nCoinbase also shared that it exceeded its target for validator uptime, which indicates the percentage of time when validators are operational. It also had a similar figure for its participation rate, a metric that indicates how well validators perform their consensus duties.<br \/>\nCoinbase also reported that its validators had an average uptime of 99.75%. Coinbase said they outperformed their target of 99% uptime without compromising security standards.\u00a0<br \/>\nThe exchange attributed the performance to an upgrade implemented in 2024, which allowed the exchange to keep validators running while performing beacon node maintenance.\u00a0<br \/>\nMeanwhile, Coinbase validators\u2019 participation rate is also at 99.75%. This exceeds the network average of 99.52%. In addition, the Coinbase average for signing and submitting blocks produced by their MEV relays is 99.76%, higher than the network average of 99.38%.\u00a0<br \/>\nWhile Coinbase operates a centralized exchange platform, the company said it distributes its validators across several regions to \u201chelp maintain a truly distributed and decentralized Ethereum blockchain.\u201d The exchange said its validators operate in Japan, Singapore, Ireland, Germany and Hong Kong.\u00a0<br \/>\nCoinbase validator average performance versus Ethereum network averages. Source: CoinbaseEther surges above $2,000 on March 20<br \/>\nCoinbase\u2019s recent report was followed by a surge in ETH prices as ETH accumulation addresses started stockpiling significantly.\u00a0<br \/>\n7-day ETH price chart. Source: CoinGeckoOn March 2, Ether hit a weekly high of $2,060.73, surging by 12.3% in seven days. On March 19, the asset\u2019s daily trading volume reached $17.4 billion as its price surpassed $2,000.\u00a0<br \/>\nThe surge comes as ETH price sentiments turned bearish. On March 11, Yuga Labs\u2019 vice president of blockchain suggested that ETH could drop as low as $200 in a prolonged bear market.\u00a0<br \/>\nMagazine: Memecoins are ded \u2014 But Solana \u2018100x better\u2019 despite revenue plunge<a href=\"https:\/\/cointelegraph.com\/news\/coinbase-largest-ethereum-node-operator-11-percent-staked-eth?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsA Coinbase report revealed that the crypto exchange is the largest node operator on the Ethereum network, controlling 11.42% of the total staked Ether. In a performance report,&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125452"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125452"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125452\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125452"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}