Coinbase has emerged as the largest node operator on the Ethereum network, holding 11.42% of the total staked Ether, which amounts to approximately $6.8 billion. According to a recent report, Coinbase validators achieved an impressive uptime of 99.75%, surpassing the network average and meeting their operational targets without compromising security. Anthony Sassano noted that while Lido, a prominent staking platform, holds a larger combined stake, Coinbase is the single largest operator. The exchange has strategically distributed its validators across various regions, including Japan, Singapore, and Germany, to foster a decentralized Ethereum ecosystem. As a result of Coinbase's position and performance, Ether's price recently surged above $2,000, gaining traction in the market amid both bullish and bearish sentiments. The upward movement in ETH prices aligns with Coinbase's enhanced validator performance, which has been attributed to a system upgrade implemented in 2024 that allows continuous operation during maintenance periods.

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