Ethereum Validators Have Earned Over $2 Billion in ETH Staking Rewards Since 2021

ETH validators have earned 1.1 million ETH ($2.007 billion) in staking rewards since January 2021. Over 67,000 new validators joined the network in the first 90 days of 2023. About five entities dominate

Highlights

• ETH validators have earned 1.1 million ETH ($2.007 billion) in staking rewards since January 2021.
• At the start of 2023, validators’ count stood at around 495,00 and increased to 562,236 as of the end of March.
• The network has seen increased interest in recent weeks following news that the upcoming Shanghai upgrade would allow validators to withdraw their tokens.
• ETH supply on exchanges has dropped to its lowest volume as more holders opt for self-custody.
• However, ETH supply has reduced by around 0.12% to 120.44 million tokens, meaning over 74,000 ETH tokens have been taken off the network.

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