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Cambridge Research: The United States hosts about 31% of Ethereum nodes, with over 1/3 of the nodes offline or affecting final confirmation

The latest research from the Cambridge Centre for Alternative Finance shows that approximately 31% of Ethereum node activity is located in the United States, with about 39% distributed in the EU region excluding the UK, indicating that the geographical distribution of Ethereum nodes is still relatively concentrated in Western countries. The research leader, Alexander Neumuller, stated that the current node distribution is not concentrated in a single country but primarily relies on a few cloud service providers, including Hetzner, Amazon AWS, and OVH.It is noteworthy that the Ethereum network does not require half of the validators to fail for issues to arise; when more than one-third of validators go offline simultaneously, the network may be unable to complete the finalization of block checkpoints. Neumuller pointed out that nodes and validators do not have a one-to-one correspondence; a single node may run multiple validators, making it currently impossible to accurately assess the actual impact of a specific node or service provider failure on the validation network. Additionally, the research reassessed the energy consumption situation after Ethereum's Merge. The data shows that Ethereum's current annual energy consumption is approximately 7.9 GWh, equivalent to about 1 megawatt of continuous power, which is only about 0.02% of the pre-Merge level, with energy consumption decreasing by approximately 99.98%. Currently, the proportion of sustainable energy used by the Ethereum network exceeds 56%, higher than the global average. The research also pointed out that the concentration of client software is another potential risk; if a dominant client has a vulnerability, it could affect a large number of network participants. The report was published by the Cambridge Centre for Alternative Finance, with support from the Ethereum Foundation.

The number of Solana validator nodes has decreased by 68% over three years, with small nodes being squeezed out of the market by costs

Data shows that the number of validator nodes on the Solana network has significantly decreased from a peak of 2,560 in March 2023 to the current 795, a drop of 68%, raising concerns in the market about the network's level of decentralization.Industry insiders point out that, in addition to clearing "zombie nodes," a more core reason is the continuous rise in operating costs + zero-fee competition among large nodes, which is systematically squeezing out small and medium-sized validators. An independent validator node operator stated that many small nodes are not bearish on Solana, but rather that the economic model has become unsustainable: "Without economic viability, decentralization becomes a charitable act." Meanwhile, Solana's Nakamoto Coefficient has dropped from 31 to 20 during the same period, a decline of about 35%, indicating that the control of staked SOL is concentrating in the hands of a few large nodes, reducing the network's level of decentralization.From a cost perspective: to maintain operation (excluding hardware and servers), a node needs at least $49,000 worth of SOL in the first year; approximately 401 SOL is required annually to pay for voting fees; and daily voting transaction costs can reach up to 1.1 SOL/day. The trend signals are clear: Solana is gradually evolving from a "broad participation node structure" to a structure dominated by large institutional nodes, which may have a profound impact on the network's security structure and governance patterns in the long term.
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