Ethereum staking – All about Coinbase’s February market share of 11.4%

• Coinbase managed 11.4% of Ethereum’s staking market share in February
• Ethereum educator Sassal famous that Coinbase might ve the most important node operator

In February, Coinbase had 120k validator nodes and managed 11.4% of the whole Ethereum [ETH] staking market. In keeping with a transparency report issued by the change, it had 3.84M ETH staked in its validators. 

Supply: Coinbase (excerpt from the report) 

The validator nodes have been situated in Japan, Eire, Singapore, Germany and Hong Kong. Moreover, Coinbase relied on two execution purchasers and cloud suppliers to make sure reliability. 

Ethereum staking on an enlargement spree

Reacting to the report, Ethereum educator Sassal acknowledged that the 11.4% market share made Coinbase the most important validator node operator. 

“This, after all, makes Coinbase the one largest node operator on the community (Lido is larger as a collective, however every node operator has a a lot smaller % share).”

The report was issued after key trade gamers urged Coinbase to share its Ethereum staking operations, as most information have been primarily based on estimates. In reality, Dune Analytics estimated Coinbase’s market share at 8% with 2.7M ETH staked.

Supply: Dune

By way of staked ETH, Lido appeared to take care of its lead with a whopping 9.3M staked ETH. General, 34.1M ETH has been staked or 27.7% of the whole provide. After a hunch in January 2025 that was marked by outflows, ETH staking rebounded from February.  

Over the previous two weeks, 54k ETH flowed into the staking system and strengthened confidence within the altcoin. This, regardless of an enormous drawdown on the value charts. 

Supply: Dune

In keeping with Staking Rewards, ETH stakers are entitled to a 3% annualized reward, providing an additional yield for long-term traders. 

Nonetheless, regardless of the file curiosity in ETH staking, the altcoin’s value has lagged others on the value charts. It was valued at simply over $2k, on the time of writing, down 54% from its latest highs.