Geth adoption rate is below 50% for the first time! Lido greatly improves client diversity

The decentralized staking protocol Lido recently released a quarterly report, emphasizing that its node operators have shifted to running more non-Geth clients; in addition, compared to its dominance of more than two years ago, 30%, Lido’s pledge proportion has dropped slightly (28.76%).

Lido has significantly improved client diversity

According to the quarterly report released by Lido, the usage rate of the mainstream Ethereum client Go Ethereum (Geth) among Lido node operators has increased from the previous quarter. 67.1% dropped to 46.6% at the end of the first quarter of 2024.

In 2022, the utilization rate of Geth by Lido node operators was as high as 93%, which brought potential risks to Ethereum, but it has gradually declined since the third quarter of that year.

Geth is gradually declining

Exchange clients have also improved

Including large-scale exchanges with Ethereum staking services such as Binance and Coinbase Exchanges have also actively reduced Geth's dominance in the past time.

Supermajority data shows that Binance’s Geth adoption rate has been as low as 8.2%; Coinbase’s is about 20%.

Red is Geth

The proportion of Lido pledges dropped slightly

A few Ethereum execution clients Besu and Nethermind in January this year There have been loopholes. Although the problems have been successfully solved without much impact, this proves the importance of client diversification to avoid the situation where the validator of the node operator uses the same client and errors occur. The inability to generate blocks resulted in a massive outage on Ethereum.

Lido marketing lead Kasper Rasmussen told Unchained: The drop in Geth usage is significant because it both shows that alternative clients are finally mature enough and that many participants in the network can quickly Run non-Geth clients.

rated data shows that compared with its dominance of more than 30% two years ago, Lido’s pledge share has dropped slightly (28.76%).

Pledge proportion ranking

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