May 19, 2024 Surpasses $7.5 Billion TVL Milestone: Introduces New SaaB Model
Altcoins News Surpasses $7.5 Billion TVL Milestone: Introduces New SaaB Model 

Milestone Growth and Market Share, a prominent validator for the Ethereum blockchain, has achieved a significant milestone, with its Total Value Locked (TVL) soaring to over $7.5 billion in March, up from $5 billion just the previous month. The firm reported this remarkable growth in an announcement on April 10. Notably,’s TVL surged from $1.4 billion at the close of Q1 2023 to an impressive $7.3 billion at the end of Q1 2024, reflecting a staggering 396% year-over-year increase.

According to data sourced from Dune Analytics, currently commands a market share of 0.75%, with 240,832 of staked ETH as of April 8. In contrast, Lido, the largest Ethereum validator, holds a dominant 29% share of the total staked Ethereum, equating to 9.5 million ETH. The analytics further reveal that approximately 17% of the market is staked by unidentified validators.

Source: Dune Analytics

Introducing the SaaB Model

In conjunction with its TVL milestone, has unveiled a new staking model aimed at catering to the needs of businesses. The innovative Staking-as-a-Business (SaaB) model is specifically designed to address the challenges that businesses encounter in managing staking functionalities, promoting staking services, and generating revenue.’s CEO, Alex Esin, emphasized the strategic objective behind the SaaB model, stating, “Our objective is to assist in the establishment or amplification of staked assets within institutional products, ensuring that staking contributes a minimum of 10% to total revenue, ideally reaching 20%.” Esin underscored that the SaaB model goes beyond mere service provision, offering a collaborative partnership framework that enables businesses to integrate new DeFi and Staking services seamlessly into their platforms.

Understanding Ethereum Staking

Ethereum staking involves the process of locking up Ether to support the Ethereum network’s operations and earn rewards in the form of newly minted ETH. This mechanism was introduced in September 2022, coinciding with Ethereum’s transition to a proof-of-stake (PoS) consensus mechanism, which eliminates the need for mining and relies on validation instead.

Validators on the Ethereum blockchain are entities that stake a minimum of 32 ETH to participate in validating transactions and maintaining the PoS consensus blockchain. Beacon Cha data indicates that as of April 9, there were approximately 980,000 validators actively contributing to Ethereum’s network.


With’s meteoric rise in TVL and the introduction of its innovative SaaB model, the Ethereum ecosystem is poised to witness enhanced participation from businesses seeking to leverage staking opportunities within the rapidly evolving DeFi landscape.

Image by Miloslav Hamřík from Pixabay

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