P2P.org, a leading validator for the Ethereum blockchain, has achieved a significant growth milestone and is poised for further expansion with the introduction of a new staking model tailored for businesses. The validator reported a remarkable increase in its total value locked (TVL), soaring from $5 billion in February to over $7.4 billion by March, as revealed in an announcement to Cointelegraph on April 10.

Impressive Year-Over-Year Increase

The TVL surge signifies P2P.org's substantial growth trajectory, as its TVL surged from $1.4 billion at the end of the first quarter of 2023 to an impressive $7.3 billion by the end of Q1 2024, reflecting a remarkable 396% year-over-year increase.

Market Share and Staking Presence

According to data from Dune Analytics, P2P.org commands a notable market share in terms of total staked Ether (ETH), accounting for 0.75% or 240,832 of staked ETH as of April 8. In comparison, Lido, the largest Ethereum validator, holds a 29% share of the total staked Ethereum, equivalent to 9.5 million ETH.

Introduction of New Staking Model

In tandem with its TVL milestone, P2P.org has unveiled a pioneering staking-as-a-business (SaaB) model aimed at addressing staking challenges encountered by businesses. This innovative model aims to streamline functionalities, promote staking services, and enhance revenue generation for businesses navigating the staking landscape.

CEO's Insights on the SaaB Model

P2P.org CEO Alex Esin shared insights into the new staking model, emphasizing its strategic approach to partnering with businesses. Esin highlighted the objective of ensuring staking contributes a minimum of 10% to total revenue, with aspirations to reach 20%. He described the SaaB model as a collaborative partnership aimed at integrating DeFi and staking services into business platforms to foster scalability and growth.

Ethereum Staking and Validator Role

Ethereum staking involves locking up Ether to support the Ethereum network's operations while earning rewards in newly minted ETH. Validators play a crucial role in Ethereum's proof-of-stake (PoS) consensus mechanism by staking a minimum of 32 ETH to validate transactions and maintain network security. As of April 9, there were 980,000 validators contributing to Ethereum's PoS consensus blockchain, as per data from Beacon Cha.