SSV Network, with over $3 billion in total value locked (TVL), announced that it hit 1 million Ethereum (ETH) staked on the platform, as per the latest information shared with Finbold on July 8.
The numbers underscore Ethereum’s cryptoeconomic security and highlight the growth of SSV’s platform, which now includes nearly 30,000 validators and over 700 node operators.
Distributed Validator Technology
SSV’s DAO-owned, open-source protocol provides crucial infrastructure for developers to build staking applications powered by Distributed Validator Technology (DVT).
Picks for you
By distributing validator duties among trust-minimized node operators, the network improves resilience, uptime, and decentralization.
Restaking, a rising trend in blockchain technology, uses a blockchain to secure other decentralized applications.
SSV Network’s infrastructure supports restaking operations, further extending Ethereum’s security by bolstering its base layer.
Of the $3.2 billion in total TVL, $1.2 billion (from approximately 11,500 validators) is contributed by partners and integrations within the restaking ecosystem.
Increasing security and ensuring rewards through incentivization programs
Reaching 1 million staked ETH not only enhances security but also offers users increased rewards through an extended incentivization program, solidifying SSV Network’s role in staking and restaking.
SSV Network’s DVT infrastructure allows ETH validator nodes to be geographically distributed across multiple machines and components.
Consequently, over 700 node operators globally run various execution and consensus clients with diverse infrastructure types and MEV relays.
This ensures more flexibility and resilience compared to traditional non-DVT staking.
The future of SSV Network
SSV Network also announced an updated scaling roadmap to reduce hardware requirements for node operators.
Although the recommended hardware is moving from a 4-core to an 8-core CPU, increasing costs, SSV Labs is developing solutions to cut hardware requirements by 75–90% within the next year.
The ETH staking achievement is naturally expected to drive further adoption and solidify the platform’s position as a staking and restaking leader among validator ecosystems.
