#数字资产市场动态 Did anyone notice this message——Bitmine announced the MAVAN validator network project a couple of days ago, planning to officially launch in 2026. Honestly, this move is quite bold.

Let's lay out the data first: by the end of 2025, Bitmine has staked over 400,000 ETH, which is roughly a $1.2 billion scale in USD. Chairman Tom Lee even provided a figure—if all Ethereum were delegated to MAVAN and its partners for staking, the annual fee income from ETH staking alone could reach $374 million. This number sounds a bit scary, but the calculations are indeed solid.

What's more interesting are the timeline milestones. On January 15th, a shareholders' meeting will be held, with four proposals up for vote: board re-election, issuance of new shares, the 2025 incentive plan, and the management performance scheme. These items stacked together clearly indicate preparations for large-scale commercialization of MAVAN.

What does the industry think? Many believe this is a turning point for Bitmine—from simply holding tokens to becoming an infrastructure operator. In the increasingly competitive Ethereum staking space, building their own validator network can indeed grant more influence, whether in terms of revenue, security, or compliance management.

2026 could truly become a watershed year in this sector. A validator network generating nearly $400 million annually is about to set sail. Whether it will change the current landscape remains to be seen.