Institutional interest is increasing thanks to the capital efficiency introduced by restaking and liquid staking.
Ethereum validators recorded significant growth during the past year, highlighting the continued institutional adoption of cryptocurrencies.
The number of Ethereum validators increased by more than 30% during the past year, exceeding one million for the first time in June 2024, up from 824,300 in September 2023, according to a research report from Flipside Crypto shared with Cointelegraph.
The rise in validators is attributed to growing institutional interest, spurred by developments in the restaking and liquid staking sectors, said Carlos Mercado, a data scientist at Flipside Crypto.
