March 21, 2025
Coinbase became the largest centralized NOD Ethereum operator thumbnail
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Coinbase became the largest centralized NOD Ethereum operator

On March 3, the KOINBAS cryptocurrency controlled 11.42% of the total volume of ETH 3,84 million. The number of Ethereum platform data has reached ~ 120,000. We’re Excited to AnnoUnce Our First Ethreum Validtor Performance Report, Marking A New Level of Transparency In Our Stakes. This Compretensive Report Covers: → Validtor Uptime at 99.75%→ Participation Rate of Validators at 99.75%→ Zero Slashing […]”, – WRITE: Businessua.com.ua

Coinbase became the largest centralized NOD Ethereum Operator - Infbusiness

On March 3, the KOINBAS cryptocurrency controlled 11.42% of the total volume of ETH 3,84 million. The number of Ethereum-campators of the platform has reached ~ 120,000.

We’re Excited to AnnoUnce Our First Ethereum Validtor Performance Report, Marking A New Level of Transparency in Our Eth Staking Operations.

This ComprehenSive Report Covers:
→ Validtor Uptime at 99.75%
→ Participation Rate of Validtors at 99.75%
→ ZERO SLASHING OR… PIC.TWITTER.com/unotxbz7zu

– Coinbase Platform (@COINBASEPLTFRM) MARCH 19, 2025

The researcher and founder of the educational project of The Daily Gwei Anthony Sassano noted that this makes Coinbase the largest operator of nodes on the network. The share of Lido as a collective is much larger (27.2% according to DUNE), but any validator in the Defi service is inferior to the centralized exchange.

According to Coinbase, another 581 500 ETH is stuck through partners.

The Exchange also reported that the time of failure NOD reaches 99.75% for the target 99%. The participation ratio of validators is similar to 99.75% against 99.52%.

Coinbase nodes are divided into several jurisdictions, including Japan, Singapour, Ireland, Germany and Hong Kong. The platform uses the services of two cloud services providers – Amazon Web Services and Google Cloud Platform.

Platform nodes support two clients of each type:

  • for consensus level – Prysm (80%) and Lighthouse (20%);
  • For the level of execution – Nethermind (64%) and Geth (36%).

Coinbase plan to expand the list of software used in the near future.

“In the future, we plan to regularly publish the performance of Ethereum validators. Soon we will also share reports on other large networks (such as Solana), ”the platform team said.

We will remind, in 2024 the co -founder of Ethereum Vitalik Butherin called one of the main problems of the network of volume inflating and increasing the complexity of blockchain over time, and also considered ways to solve them.

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