According to recent reports, Coinbase has positioned itself as the largest single node operator on the Ethereum network, controlling 11.42% of the total staked Ether. This development marks a significant milestone for Coinbase and the Ethereum ecosystem.

Currently, Coinbase has approximately 3.84 million ETH staked, which is valued around $6.8 billion. This leap not only emphasizes Coinbase’s strategic positioning but also reshapes its influence within the Ethereum network.

As Ethereum continues to evolve, watch how Coinbase’s dominance impacts the broader market.