Over 66,000 new validators joined Ethereum in Q1 2023

In Q1 2023, the Ethereum proof-of-stake network added 66,000 new validators, with the total count growing from 495,270 in early January to 562,236 by the end of March. Validators are critical in Ethereum, especially in network security and decentralization. They validate transactions, ensuring no invalid transactions are added to a block.