Coinspeaker
Ethereum Validator P2P.org’s TVL Surges to $7.4B, Launches Staking-as-a-Business Model
P2P.org, one of the most crucial Ethereum validators, has reached an important milestone. The total value locked (TVL) rose from $5 billion in February to over $7.4 billion in March. This massive uptick shows how fast the validator is growing and how vital it has become to the Ethereum community.
Along with this accomplishment, P2P.org has additionally developed an innovative method for companies to stake coins. This plan seeks to address a few key issues and get more people to take advantage of staking services.
P2P.org’s Unprecedented Growth in Total Value Locked
Overall value locked for P2P.org has increased considerably, rising from $1.4 billion at the end of the first quarter of 2023 to an impressive $7.3 billion by the end of the first quarter of 2024. This amazing growth shows that Ethereum users are becoming more and more reliant on and trusting of P2P.org’s staking infrastructure, making it a big player in the staking industry.
Data from Dune Analytics shows that as of April 8th, 240,832 ETH were staked on P2P.org, which is 0.75 percent of all the Ethereum that is staked. This makes P2P.org one of the best validators in the Ethereum environment, up against big names like Lido.
When it comes to staked Ethereum, Lido has a strong 29% share, which is about 9.5 million ETH, making it the largest Ethereum validator. Even though Lido is the market leader, P2P.org’s large market share shows that it is becoming more influential and important in the staking field.
Introducing the Staking-as-a-Business (SaaB) Model
P2P.org launched an entirely novel concept called Staking-as-a-Business (SaaB) to change the approach that companies implement staking services. This creative solution solves common problems like restricted utility, attracting people to take advantage of staking services, and generating earnings.
According to the announcement, the SaaB model not only offers an infrastructure for staking but also extra services like legal, marketing, and sales support.
Staking is a way for Ethereum users to support the network while earning rewards. In September 2022, the POS system went live switching from a proof-of-work (PoW) system.
In PoS, validators verify transactions, while in PoW, miners do it. Validators on Ethereum must stake at least 32 ETH so as to validate transactions and keep the Proof of Stake system safe. Based on Beacon Chain data, there were about 980,000 validators using Ethereum’s Proof of Stake network as of April 9.
In April 2023, P2P.org secured $23 million in funding, with support from major players in the cryptocurrency industry like Jump Crypto. This investment underscores P2P.org’s position as a validator for not just Ethereum, but also for 30 other blockchains, as mentioned in their press release.
Many startups these days are focused on institutional staking, and this funding round is part of a bigger trend in the industry. Northstake, which recently secured $3 million from PreSeed Ventures, is one example of this. It shows that people have grown increasingly invested in and embracing blockchain validation services.
Ethereum Validator P2P.org’s TVL Surges to $7.4B, Launches Staking-as-a-Business Model
