A 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, 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 of time when validators are operational. It also had a similar figure for its participation rate,
