Ethereum Validator P2P.org’s TVL Surges to $7.4B, Launches Staking-as-a-Business Model

by

At P2P.org, a significant Ethereum validator, we’ve achieved a noteworthy achievement. The amount of value secured with us, known as Total Value Locked (TVL), surged from $5 billion in February to more than $7.4 billion in March. This substantial increase underscores the rapid growth and increasing importance of our role within the Ethereum network and community.

In addition to achieving this milestone, P2P.org has come up with a new way for businesses to participate in staking coins. This approach aims to tackle some major concerns and attract more users to utilize staking features.

P2P.org’s Unprecedented Growth in Total Value Locked

The total value secured on P2P.org has experienced significant growth, jumping from $1.4 billion at the close of Q1 2023 to an impressive $7.3 billion by the end of Q1 2024. This substantial expansion indicates that Ethereum users are increasingly relying on and trusting P2P.org’s staking platform, solidifying its position as a major player within the staking sector.

According to Dune Analytics’ latest data, approximately 0.75% of the total staked Ethereum (240,832 ETH) is being managed on P2P.org as of April 8th. This significant figure positions P2P.org among the top Ethereum validators, competing with prominent players such as Lido.

In terms of staked Ethereum, Lido holds a considerable 29% stake, equivalent to approximately 9.5 million ETH, making it the leading Ethereum validator. Despite Lido’s dominance as the market leader, P2P.org’s substantial presence indicates that it is gaining more clout and significance within the Ethereum staking landscape.

Introducing the Staking-as-a-Business (SaaB) Model

P2P.org introduced a fresh idea called “Staking-as-a-Service Business” (SaaSB) to revolutionize the way businesses provide staking services. This innovative approach tackles typical challenges such as limited functionality, encouraging more participation in staking, and creating revenue streams.

The SaaB model, as stated in the announcement, provides not just a platform for staking but also additional benefits such as legal, marketing, and sales assistance.

Etherean users can now back the network and collect incentives through staking as of September 2022. Previously, this platform operated under a proof-of-work (mining) system, but it has since transitioned to a proof-of-stake (POS) one.

In Proof of Stake (PoS) systems like Ethereum, the role of verifying transactions is handled by validators. Conversely, in Proof of Work (PoW) systems, miners take on this responsibility. To become a validator on Ethereum and participate in transaction verification, one must deposit a minimum stake of 32 ETH. As per Beacon Chain statistics, approximately 980,000 validators were active within the Ethereum PoS network by April 9th.

In April 2023, P2P.org obtained $23 million in investments, backed by prominent figures in the cryptocurrency sector including Jump Crypto. This financing serves as validation of P2P.org’s role as a verifier for not only Ethereum but also for the blockchains of thirty other projects, according to their press statement.

Today, numerous startups are prioritizing institutional staking as part of a broader trend within the industry. Northstake, having raised $3 million from PreSeed Ventures, is one illustration. This event underscores the growing interest and acceptance of blockchain validation services among investors.

Read More

2024-04-10 20:00