According to Mars Finance news, Dune data shows that the number of validators on the Ethereum network has reached 1 million, of which 32 million ETH pledged account for 26% of the total supply. Venture capitalist and Ethereum advocate Evan Van Ness said the amount of ETH currently pledged may be too much. Gabriel Weide, who runs a staking pool, believes that too many validators could eventually lead to "transaction failure."
Peter Kim, head of wallet engineering at Coinbase, said that while the number of validators is impressive, the number is "artificially inflated by the 32 ETH cap." However, he hinted that this may soon change. As the number of validators continues to increase, Ethereum co-founder Vitalik Buterin proposed a way to improve the decentralization of the network. On March 27, Vitalik issued a document proposing to punish validators based on their average failure rate. If many validators fail in a given slot, the penalty for each failure will be higher. Vitalik said this approach has the potential to reduce the advantage that large ETH stakers have over smaller stakers.
