Ethereum validator P2P.org hits $7.5B TVL, adds new SaaB model

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At P2P.org, the Ethereum blockchain validator, we’ve reached an exciting new development: our business expansion. To celebrate this achievement, we’re introducing a fresh staking model tailored specifically for companies.

The Ethereum validator’s TVL has grown from $5 billion in February to over $7.4 billion in March, according to a statement made to CryptoMoon on April 10 by the company.

The total value locked on P2P.org surged from $1.4 billion in Q1 2023 to an impressive $7.3 billion by the same quarter the following year, representing a substantial 396% growth when compared to the previous year.

Based on information from Dune Analytics, approximately 0.75% or 240,832 Ethereum accounts staking ETH on P2P.org made up the total as of April 8.

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Instead, it’s important to note that Lido, the leading Ethereum validator, holds approximately 29% of the entire staked Ethereum, equating to around 9.5 million ETH. Contrarily, an estimated 17% of the market involves unidentified validators, as reported by Dune Analytics.

At the same time as reaching the TVL milestone, P2P.org introduced a fresh business-focused staking solution: Staking-as-a-Business (SaaB). Designed to tackle challenges businesses encounter when it comes to staking, SaaB addresses issues concerning features, marketing of staking offerings, and generating income.

“At P2P.org, our goal is to help set up or boost the value of staked assets in institutional offerings. We aim to have staking generate a minimum of 10% and ideally up to 20% of the overall income.”

“This is not just a service or a solution; it’s a partnership model that helps businesses to scale by integrating new DeFi and Staking services into their platforms.”

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Locking up your Ether (ETH) as part of Ethereum staking helps sustain the Ethereum network’s operations, and in return, you receive freshly minted ETH as a reward. Ethereum’s staking system was initiated in September 2022 when the ETH network transitioned to proof-of-stake (PoS) consensus mechanism.

Instead of the proof-of-work (PoW) consensus mechanism used in Bitcoin (BTC), where computational work is required to validate transactions, proof-of-stake (PoS) operates without the need for mining. Instead, network participants are chosen to validate transactions based on their stake or investment in the cryptocurrency.

Approximately 980,000 Ethereum validators have deposited a minimum of 32 ETH to take part in the proof-of-stake consensus process that underpins the Ethereum blockchain, as indicated by Beacon Chain data from April 9.

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2024-04-10 16:07