by Rubab Fatima
Coinbase has become the biggest node operator on Ethereum by holding 11.42% of all staked ETH. As reported in the performance update from Crypto Exchange, Coinbase manages 3.84 million ETH validators which represent $6.8 billion in estimated value.
Data shows that Coinbase performs better than internal expectations as its validators stay online 99.75% of the time. The system showed better performance in validator participation rates which reached 99.75% above the network average of 99.52%.
Through MEV relays the exchange achieved 99.76% efficient block processing which exceeded the network norm of 99.38%. The system upgrade in 2024 produced results that let validators keep functioning smoothly without interruptions.
Ethereum Rises as Large Wallets Increase Holdings
Lido dominates ETH staking although its service network extends across many operating nodes that share the stake. According to Crypto Analyst Anthony Sassano and Daily Gwei Host the exchange controls the main Ethereum validator network operation.
Coinbase uses validator operations in different countries worldwide including Japan, Singapore, Ireland, Germany, and Hong Kong to support Ethereum network decentralization despite operating as a centralized exchange. The company seeks to lower network risks while securing good service to users worldwide.
We now know how much ETH Coinbase has staked (11.42% of the total stake)
This, of course, makes Coinbase the single largest node operator on the network (Lido is bigger as a collective, but each node operator has a much smaller % share)
Kudos to Coinbase for the transparency! https://t.co/F3WEDdj0da
— sassal.eth/acc 🦇🔊 (@sassal0x) March 19, 2025
After the report came out ETH price grew significantly. ETH achieved its weekly peak level of $2,060.73 during March 2nd for a weekly rise of 12.3%. ETH rallied from $17.4 billion daily trading volume to pass above $2,000 on March 19. The market shows growing positivity because prominent wallet owners keep buying more ETH.
Despite this latest market development the overall market conditions show conflicting trends. On March 11 the vice president of blockchain for Yuga Labs predicted that Ethereum might reach $200 if the market bear pattern extended. He analyzed past market trends to recommend ETH will fall into a bear cycle when prices drop 80% to 90% from present levels.
Trump’s Crypto Stance Sparks Coinbase Hiring Surge
In addition to Ethereum staking leadership Coinbase expands its workforce numbers. During an interview with Vox Brian Armstrong explained his decision to staff up 1,000 American employees through 2024 based on Donald Trump’s favor towards cryptocurrencies.
According to Stockanalysis data Coinbase maintains a staff of 3,772 workers who would increase by 27% through 1,000 new hires. People in finance and tech sectors now focus on new Trump administration crypto policies because Armstrong says these topics dominate discussion in their world.
Armstrong pointed out that in all his talks with leading market leaders crypto policy discussions with Trump stood at top. Trump’s aggressive stance towards crypto is driving sector players to work harder because they sense they will face challenges as the financial world keeps changing.
As Coinbase establishes more control over Ethereum staking operations and expands its presence it builds a greater influence throughout the crypto business and influences investors and global regulations related to digital assets.
#blockchain #crypto, #decentralized, #distributed, #ledger
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