{"id":173254,"date":"2024-10-16T17:08:38","date_gmt":"2024-10-16T17:08:38","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=173254"},"modified":"2024-10-16T17:08:42","modified_gmt":"2024-10-16T17:08:42","slug":"ethereum-validators-surge-to-over-1-million-amid-institutional-adoption-boom","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ethereum-validators-surge-to-over-1-million-amid-institutional-adoption-boom\/","title":{"rendered":"Ethereum Validators Surge to Over 1 Million Amid Institutional Adoption Boom"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\">The number of Ethereum validators <strong>has increased by 30%<\/strong> in the past year, surpassing one million in June 2024, according to Flipside Crypto.<\/li>\n<li style=\"text-align: justify\">This growth reflects a <strong>greater institutional interest<\/strong> in cryptocurrencies, driven by innovations in <strong>restaking and liquid staking<\/strong> that offer immediate liquidity.<\/li>\n<li style=\"text-align: justify\">The total amount of staked ETH <strong>grew by more than 27%<\/strong> in the past year, reaching over <strong>34.7 million<\/strong>, thanks to the Shanghai upgrade and the approval of the first ETFs.<\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: justify\"><strong>The number of <a href=\"https:\/\/crypto-economy.com\/best-ethereum-wallets\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a> validators has grown by 30% in the past year<\/strong>, surpassing the one million mark for the first time in June 2024, according to a report from <a href=\"https:\/\/flipsidecrypto.xyz\/fc\/resources\/download-the-2024-staking-trends-ethereum-and-polygon\" target=\"_blank\" rel=\"noopener\"><strong>Flipside Crypto<\/strong><\/a>.<!--more--><\/p>\n<p style=\"text-align: justify\">The surge highlights the <strong>growing institutional interest<\/strong> in cryptocurrencies and is largely attributed to innovations in the <strong>restaking and liquid staking<\/strong> sectors. Carlos Mercado, a data scientist at Flipside Crypto, stated that the popularity of these mechanisms is due to their ability to <strong>offer immediate liquidity<\/strong>, allowing investors to avoid withdrawal waiting periods on the Beacon Chain through liquid staked tokens.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Staking will never be the same.<\/p>\n<p>Over the past year, the top PoS chains, Ethereum and Polygon, experienced big changes in access and user behavior in ways that will affect the future of staking across web3.<\/p>\n<p>We explain it all in our new 2024 Staking Trends report \ud83d\udc47 <a href=\"https:\/\/t.co\/W6eua0hZ9Y\" target=\"_blank\">pic.twitter.com\/W6eua0hZ9Y<\/a><\/p>\n<p>&mdash; Flipside \ud83d\udcca (@flipsidecrypto) <a href=\"https:\/\/twitter.com\/flipsidecrypto\/status\/1846567039370166520?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 16, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">The rise in the number of validators has been accompanied by an increase in the total amount of <strong>staked ETH, which has grown by more than 27% in the past year<\/strong>, reaching over <strong>34.7 million ETH<\/strong> for the first time in September. The increase is linked to the <strong>Shanghai upgrade and the approval of the first Ethereum futures exchange-traded funds (ETFs),<\/strong> which have been key to the development of Ethereum staking. The Shanghai upgrade, implemented in April 2023, allowed network participants to <strong>withdraw their ETH for the first time since the platform transitioned to proof-of-stake (PoS).<\/strong><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-173255\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/eth-post.jpg\" alt=\"ethereum validators post\" width=\"825\" height=\"355\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/eth-post.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/eth-post-300x129.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/eth-post-768x330.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h2>Ethereum and Polygon Continue Strengthening the Staking Market<\/h2>\n<p style=\"text-align: justify\">The upward trend is not limited to Ethereum, as there is also growth in staking activities on <strong>other blockchains<\/strong>, including Polygon&#8217;s PoS network. The number of <a href=\"https:\/\/crypto-economy.com\/matic-network-the-project-that-brings-scalability-and-instant-transactions\/\" target=\"_blank\" rel=\"noopener\"><strong>Polygon<\/strong> <\/a>wallets <strong>participating in staking increased by more than 36.4% over the past year<\/strong>, although the number of validators on that network has remained <strong>steady since June<\/strong>, partly <strong>due to a cap on the number of allowed validators<\/strong>. This indicates that participants are not deterred by the possibility of reduced staking returns.<\/p>\n<p style=\"text-align: justify\">The staking market continues to consolidate, driven by growing institutional interest and innovation in staking models. As more participants enter the Ethereum ecosystem and other blockchains, confidence in these assets appears to strengthen, demonstrating sustained optimism in the crypto market<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR The number of Ethereum validators has increased by 30% in the past year, surpassing one million in June 2024, according to Flipside Crypto. This growth reflects a greater institutional interest in cryptocurrencies, driven by innovations in restaking and liquid staking that offer immediate liquidity. The total amount of staked ETH grew by more than &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Ethereum Validators Surge to Over 1 Million Amid Institutional Adoption Boom\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/ethereum-validators-surge-to-over-1-million-amid-institutional-adoption-boom\/#more-173254\" aria-label=\"More on Ethereum Validators Surge to Over 1 Million Amid Institutional Adoption Boom\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":173256,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73,70,74],"tags":[4620,4656,4679,5486,5269],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173254"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=173254"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173254\/revisions"}],"predecessor-version":[{"id":173258,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173254\/revisions\/173258"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/173256"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=173254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=173254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=173254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}