GM, everyone ☕ Check out this news about Ethereum… Tom Lee's BitMine has launched MAVAN (Made in America Validator Network), a new staking infrastructure focused on institutional investors. And the numbers are striking: • Over 3.1 million ETH already staked on MAVAN (approximately US$6.8 billion) • The company has approximately 4.6 million ETH in total, with plans to migrate more to staking • Based on recent yield, the projection is close to US$300 million per year in rewards Today, Ethereum staking is dominated by players like Lido and Coinbase. What's changing here isn't just the size, it's the movement. A staking structure focused on institutional investors, with infrastructure in the US and integration with traditional players. But there's an important point: these numbers are projections from the company itself, and part of the ETH is still in the process of migration. Even so, one thing is already clear: the competition for Ethereum's infrastructure is becoming increasingly institutional. And that raises the question... Does this strengthen the network or increase the risk of concentration? Source: Cointelegraph #CtbrWeb3 #Ethereum