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Description

This metric indicates the number of active validators on the Ethereum network at a specific point in time. Understanding the number of validators is important for several reasons:
  • Network Health and Security: The Ethereum network relies on validators to secure and validate transactions through the Proof of Stake (PoS) consensus mechanism. Knowing the number of active validators helps assess the overall health and security of the network. A higher number of validators typically indicates a more decentralized and secure network, as it becomes more difficult for a single entity or a small group of validators to control the network.
  • Decentralization: Decentralization is a fundamental principle of blockchain networks like Ethereum. A higher number of validators implies a more distributed and decentralized network, which is less susceptible to censorship, attacks, or manipulation by a single entity. It helps ensure that the decision-making power is distributed among a larger and diverse set of participants.
  • Trust and Transparency: Transparency in the operation of a blockchain network is essential for users and developers. Knowing the number of validators and their behavior provides transparency into the network’s operation, allowing participants to have more confidence in the system’s integrity and security.
  • Validator Economics: For individuals or entities considering becoming validators on the Ethereum network, knowing the number of existing validators is important for assessing the economic incentives and potential rewards for participating in network validation. It helps potential validators make informed decisions about their participation.

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Use Cases

**Traders: **Traders can monitor validators as they impact the yield on staking ETH. It is the base from which all liquid staking tokens derive their yield. **Analysts: **Analysts want to know the number of validators on the Ethereum network to gauge its decentralization and security for their research and investment analysis. **Researchers:** Researchers find this metric valuable for studying network dynamics, governance, and the implications of validator distribution on blockchain performance and ecosystem stability.

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Methodology

Active Validators = sum(validators created) - sum(validators offline)

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Frequently Asked Questions

How often is this chart updated?
  • Daily.
Does this include any L2 data or just Ethereum?
  • This chart is strictly Ethereum.