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Name

Lido remains the largest Ethereum staking platform overall, managing approximately 27% of the total staked ETH through a decentralized network of smaller node operator

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Claim
News event

Event date

12:00am, Thursday, March 20, 2025

Quotes that support claims

Ethereum educator Sassal acknowledged that Coinbase’s 11.42% share makes it the largest Ethereum node operator. However, Lido, another ETH staking protocol, remains the largest staking entity when considering its collective stake across multiple operators.
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.
The $17 billion liquid staking protocol has already become the leading player in its field, having captured 27% of the Ethereum staking market

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