The number of validators on the Ethereum network has reached 1 million

According to data from Dune Analytics, the number of validators on the Ethereum network reached one million, with 32 million ETH staked, accounting for 26% of the total supply. Venture capitalist and Ethereum advocate Evan Van Ness stated that the current amount staked may be too much. Gabriel Weide, who operates a staking pool, believes that too many validators could ultimately lead to transaction failures. Meanwhile, Peter Kim, the engineering lead for Coinbase Wallet, stated that while the number of validators is "impressive," the figure is "artificially inflated" by the 32 ETH limit. However, he hinted that this situation may soon change. As the number of validators continues to increase, Ethereum co-founder Vitalik Buterin proposed a way to improve network decentralization. On March 27th, Buterin published a blog post proposing to punish validators based on their average failure rate. If there are many validator failures within a given time slot, each failure will be punished more severely. Vitalik believes that this method could reduce the advantage of large ETH stakers over small stakers.