SSV Network

SSV Network is a decentralized infrastructure protocol built on Ethereum that allows anyone to run an Ethereum validator node in a more resilient and distributed way. It claims to address the concentration risk and single points of failure that arise when staking is managed by a single operator, making the process accessible to individual users as well as large institutional staking services. The SSV token is the native asset of this network.

The protocol uses a technology called Distributed Validator Technology, which splits a validator's private key into multiple shares distributed across a set of independent node operators, so that no single operator holds the full key and validators can remain active even if some operators go offline. SSV token is used to pay operators for their services within the network, meaning stakers must hold and spend SSV to access the infrastructure. The protocol lives entirely within the Ethereum ecosystem and settles activity on that chain.

Fees are paid by stakers and staking services that use the SSV Network to compensate node operators for running validators on their behalf. Over the trailing 30 days, the protocol collected 237,599 USD in total fees and recognized 233,961 USD in protocol revenue, with 3,638 USD going to the supply side over that same period. The take rate over the trailing 30 days stands at 98.47 percent, indicating the protocol retains nearly all of the fee stream as revenue rather than distributing it to liquidity providers or other supply-side participants. Annualizing the trailing 30-day figures produces approximately 2,890,788 USD in fees and 2,846,526 USD in protocol revenue, and both fees and revenue grew roughly 68 to 69 percent over the last 30 days.