Ethereum Validators Cross 500,000 Post-Merge

Summary: Validators on the network increased from 428,000 around September 15 when Ethereum upgrade from proof-of-work to proof-of-stake. The news comes ahead of staked Ether withdrawals expected to roll out with the Shanghai update in March 2023. Validators have staked over 16 million ETH worth roughly $25 billion with Ether trading around $1500 on Tuesday. According to BeaconScan data, the number of validators on Ethereum surpassed 500,000 on Tuesday. The news marked a landmark moment for the leading altcoin blockchain