Cardano Rises to 2nd Place in Layer 1... Surpassing Solana and Polkadot

▲ Cardano (ADA)/ChatGPT generated image

Cardano (Cardano, ADA) has risen to second place among Layer 1 blockchains based on the number of validators. According to data from Token Terminal, Cardano currently operates approximately 2,900 validators, recording the second-highest validator participation after Ethereum (Ethereum).

The Crypto Basic reported on May 9 that Cardano ranked second among Layer 1 blockchains based on the number of validators. This data became known when Mintern, a Cardano community figure, shared Token Terminal data. Ethereum maintains an overwhelming first place with 895,200 validators.

Although the gap with Ethereum is significant, Cardano has been shown to be ahead in terms of validator participation compared to other major Layer 1 networks. According to the article, Algorand has 1,600 validators, Solana has 775, Polkadot has 600, and Near Protocol has 472 validators.

Validators play a critical role in proof-of-stake networks by verifying transactions, maintaining consensus, and protecting the integrity of the blockchain. The Crypto Basic explained that a greater number of validators can be seen as a sign of enhanced decentralization, as network control is distributed among a wider range of independent participants rather than being concentrated in a few entities.

Staking provider Everstake (Everstake) countered criticism that Cardano is slow regarding this achievement, stating that the increase in validators demonstrates Cardano's decentralized structure. Everstake stated that building a blockchain supported by approximately 3,000 validators requires significant dedication from ecosystem participants.

Everstake also emphasized that this level of decentralized participation is a form of decentralized infrastructure that can lead the next wave of Web3 adoption. Cardano surpassing major Layer 1 networks based on the number of validators is evaluated as a case of strengthening its position in terms of network security and distributed participation, separate from debates on technical performance.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*