• Lido Finance just released its latest quarterly report, revealing the state of node operators.
• The number of active node operators grew from 27 in Q3 to 29 in Q4 and validators have also been working towards more network diversification and performance improvements.
• LDO token made its way into the list of the top most purchased tokens among the top 500 ETH whales, and is only down by 1.14% in the last 24 hours compared to BTC which fell by 4.6% and ETH by 4.78%.
Overview
Lido Finance released its latest quarterly report showcasing how it has been preparing for the Ethereum Shanghai upgrade and detailing its Validator And Node Operator Metrics (VaNOM). The report highlights healthy validator jurisdictional dispersion as well as positive validator growth in Q4. Additionally, LDO token was one of the top most purchased tokens among 500 ETH whales, proving resilient against a market selloff on 3 March 2021 with only a 1.14% decrease in price within 24 hours.
Validator Growth
In Q4 there was a minor change with an increase from 27 to 29 active node operators, however validators have also been working towards increasing network diversification and performance improvements – such as at least 1000 validators on chainsafe ETH’s Lodestar – representing a 48% increase compared to the previous quarter.
Jurisdictional Dispersion
The report also disclosed that most of Lido’s nodes are now dispersed across major global regions including Canada, US, Australia, Singapore South Korea and Hong Kong – allowing for decentralised governance over multiple jurisdictions that comply with local regulations.
LDO Token Popularity Among Whales
The LDO token managed to make its way into the list of top most purchased tokens among 500 ETH whales – demonstrating resilience against a market selloff on 3 March 2021 with only a 1.14% decrease in price within 24 hours compared to BTC which fell by 4.6%, or ETH which fell by 4.78%.
Conclusion
Overall, this quarterly update shows that despite recent market conditions Lido Finance is well-prepared for upcoming upgrades and is focusing on improving decentralised governance through increased diversity amongst node operators across multiple jurisdictions worldwide; as well as making significant progress when it comes to popularising their own token amidst whale investors who are showing confidence in their investment choice even during times of volatility.