Coinbase Q1 staked 4.5 million ETH, accounting for 12.17% of the total Ethereum network

Odaily Planet Daily News: Coinbase has released its Q1 2026 Ethereum validator performance report. Data shows that its validators have staked a total of 4.5 million ETH, accounting for 12.17% of the total ETH staked on the Ethereum network. Coinbase has stated its commitment not to exceed 30% validator penetration of the Ethereum network.

The report indicates that Coinbase validators are deployed across five regions: Germany, Hong Kong (China), Ireland, Japan, and Singapore. In Q1 2026, the average online rate reached 99.98%, higher than the network-wide average of 99.77%.

Furthermore, Coinbase stated that its validators have not experienced any slashing or double-signing events since going live. They currently utilize two consensus layer clients, Lighthouse and Prysm, as well as three execution layer clients: Geth, Nethermind, and Reth.