All you need to know about ‘developed’ Ethereum network’s (Almost) 300K validator nodes
The crypto-market has seen significant price corrections since the geopolitical uncertainties of Eastern Europe gripped the globe. However, Ethereum[1] has recovered after falling well close to $2300 on the charts on 24 February. At the time of writing[2], ETH was trading above $2700 after clocking losses of just 1% over the past week.
Meanwhile, what is worth noting here is that the network has also (almost) signed up 300,000 validators nodes as it makes its ultimate proof-of-stake shift. The figures for the same, as of 26 February, were 299,998.
Furthermore, the amount of Ethereum staked[3] has also surpassed 9,596,399 ETH while the network[4] has 65,400 unique depositors
With the milestone approaching, there were again community members who urged the idea of decentralization and client diversity, especially among pools.
What is also worth noting is the staking APR (Annual Percentage Rate). As the Shanghai upgrade is shaping up on the network, the merge of Ethereum’s mainnet with the Beacon Chain is expected in Q2 this year. And, the Shanghai hard fork will be a crucial upgrade towards merging ETH. Especially after the ETH2 terminology has been phased out ahead of the merge into a single chain.
Meanwhile, Coinbase anticipates that staking yields could rise from 4.3-5.4% APR to 9-12% APR post the Merge. This is because more rewards will go to the increasing validators on the network. Similar to how fees are allocated to the miners in the PoW ecosystem, staking will involve transaction validation on PoS.
Having said that, Chris Burniske, Co-founder of Placeholder, considers ETH, along with BTC, a mature market. He recently took to Twitter[6] to call
