Ethereum Validator P2P.org Increases TVL to $7.5B with SaaB Model

P2P.org, a company that validates transactions on the Ethereum blockchain, has experienced significant growth and has introduced a new staking model for businesses. In March, the total value of Ethereum locked in P2P.org’s system increased from $5 billion to over $7.4 billion. This marks a substantial year-over-year increase of 396%. According to data from Dune Analytics, P2P.org currently accounts for 0.75% of all staked Ethereum, or 240,832 ETH, while the largest Ethereum validator, Lido, holds a 29% share. About 17% of the market is staked by unidentified validators.

In addition to reaching this milestone, P2P.org has unveiled a new staking model called Staking-as-a-Business (SaaB) aimed specifically at businesses. The SaaB model aims to address various challenges that businesses may face when participating in staking, such as functional limitations, difficulty in promoting staking services, and generating revenue. P2P.org CEO Alex Esin explained that their objective is to facilitate the integration of staked assets into institutional products, with staking contributing at least 10% to total revenue and ideally reaching 20%. This new model is envisioned as a partnership that enables businesses to scale by incorporating decentralized finance (DeFi) and staking services into their platforms.

Ethereum staking involves locking up Ether (ETH) to support the Ethereum network and receiving newly minted ETH as a reward. This staking mechanism was introduced in September 2022 when Ethereum transitioned from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. Unlike Bitcoin’s PoW mechanism that relies on mining, Ethereum’s PoS mechanism relies on validation. Validators are entities that stake a minimum of 32 ETH to participate in running Ethereum’s PoS blockchain. As of April 9, there were 980,000 validators on the Ethereum network, according to Beacon Cha.

P2P.org’s growth and the launch of their SaaB model indicate the increasing popularity and relevance of Ethereum staking. As more entities participate in staking, the Ethereum network is strengthened, and users are incentivized to commit their ETH in support of the blockchain. This trend also highlights the opportunities for businesses to leverage staking services and integrate them into their platforms, unlocking new revenue streams and expanding their offerings. With the introduction of the SaaB model, P2P.org aims to provide the support and tools necessary for businesses to navigate the complexities of staking and maximize their potential in the evolving cryptocurrency landscape.