Lido Plans Validator Consolidation from 240,000 to 3,750
Lido completed its first validator consolidation on the Hoodi testnet, targeting a 98% reduction from 240,000 to 3,750 validators.
Lido completed its first validator consolidation on the Hoodi testnet, kicking off a multi-month plan to consolidate its validator set from roughly 240,000 nodes down to 3,750 using MaxEB.
Lido's Node Operator Working Group laid out a roadmap that uses MaxEB — the increase in maximum effective balance per validator shipped with Pectra — to reduce the operational footprint of the Lido validator set by roughly 98%. The first batch was consolidated successfully on the Hoodi testnet ahead of mainnet rollout.
Validator consolidation is the second-order benefit of MaxEB and one of the larger operational efficiencies Pectra enabled. For staking pools running tens of thousands of validators, consolidation reduces signing load, attestation aggregation pressure, and infrastructure cost without changing economic security.
Lido plans staged consolidation on mainnet as the Hoodi testnet validates the procedure end-to-end. Other large operators are expected to follow once Lido publishes a public post-mortem.
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Ethereum Validators Consolidate 10 Million ETH Via MaxEB
Just 1.4% of Ethereum validators now account for approximately 25% of all staked ETH.
Ethereum validators have consolidated over 10 million ETH using 0x02 withdrawal credentials. Just 1.4% of validators now account for approximately 25% of all staked ETH. The consolidation is possible due to MaxEB, introduced in Pectra, which increased the maximum effective validator balance from 32 ETH to 2,048 ETH.
MaxEB allows major operators to consolidate thousands of validators, significantly reducing operational overhead. Consolidation also reduces redundant validator operations, including excess beacon node instances, P2P messaging, and BLS signature aggregation, improving infrastructure efficiency and streamlining consensus workloads. Fewer active validator indices enable faster attestation aggregation, which improves finality times on Ethereum.
ETHConf lands in NYC June 8-10, bringing together 5,000+ attendees, 150+ speakers, and 100+ companies across Ethereum, stablecoins, and institutional adoption.
Get your tickets at ethconf.com and use code ETHDAILY for 30% off General and 20% off VIP.
Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created
Bitmine Crosses 5 Million ETH Milestone
Bitmine now holds 5,078,386 ETH worth approximately $12 billion, with 73% staked through MAVAN.
Bitmine Immersion Technologies crossed 5 million ETH in holdings, announcing a total of 5,078,386 ETH valued at approximately $12 billion at current prices. The milestone makes Bitmine the largest Ethereum treasury in the world and represents 4.21% of the total ETH supply, putting the company 84% of the way toward its stated goal of acquiring 5% of all ETH in circulation.
Of the 5.078 million ETH held, 3,701,589 ETH, roughly 73% of its total holdings, is currently staked, generating annualized staking revenues of $264 million at a yield of 3.033%. At full deployment, Bitmine projects annual staking rewards of approximately $363 million. The staking operations run through MAVAN, Bitmine's institutional-grade validator network, which the company recently launched and plans to open to external institutional investors and custodians.
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