Lido begins moving $16.5 billion in staked ether to cut validator count by a third

According to CoinDesk, Lido has initiated a major upgrade by consolidating over 8 million staked ether into Ethereum’s upgraded validator system, affecting around one-third of the total validators. This change aims to improve the network’s consensus performance while requiring professional node operators to secure their commitments with locked ETH bonds for the first time. The move is designed to enhance economic accountability without directly impacting users’ gas fees or transaction speeds. Read the full story at CoinDesk . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human writing — new writers keep 100% of tips and collects for their first 90 days.