Analysis of Ethereum validators with BLS credentials

We conducted an analysis on all Ethereum validators with BLS credentials (0x00). First we identified which validators were active versus inactive.

Active vs. Inactive

As of January 2025, there were 13,394 validators with BLS credentials: 1218 active and 579 inactive.

Stake Pools & Identified Entities

We then made a distinction between validators that are owned by stake pools, exchanges and/or whales versus solo stakers. A solo staker can have multiple validators but never more than 20 (otherwise classified as whale).

4125 out of 13,394 validators belong to stake pools, exchanges and/or whales.

Year of the last transaction date from deposit address

The remaining 7651 validators belong to solo stakers for which we checked the last onchain activity of the deposit address.