The number of validators on the Ethereum blockchain has increased rapidly, with 67,500 new validators arriving on the network from January 1, 2023, to the end of Q1. The Ethereum blockchain network currently operates with 13,299 physical nodes in 81 countries, and the USA, Germany, and Finland have the highest node density.

The number of ETH locked in the Beacon contract is over 18 million, representing 15% of the total supply, and the ETH price has risen 50% since the beginning of the year. The Shanghai upgrade will allow ETH stakers on the ETH 2.0 contract to withdraw their funds if they wish, leading to an expected decrease in the number of validators followed by an increase again.

As of April 12, anyone can withdraw their funds from the Beacon contract, which means they can sell their funds, potentially leading to a rapid price drop and a liquidity crisis. Currently, the number of ETH locked in the Beacon contract is over 18 million, representing around $32.5 billion worth of locked assets and 15% of the total supply.