Overview
- MAVAN, which launched Wednesday, is already securing about 3,142,643 ETH worth roughly $6.8 billion.
- Bitmine holds about 4.6–4.66 million ETH, near 3.8% of supply, and plans to stake most of it to approach a 5% target.
- At an estimated 2.83% annual reward paid to validators for processing and securing transactions, the company forecasts close to $300 million in yearly income.
- The platform is built for institutions with U.S.-based validators, audited operations, and controls designed for custodians, exchanges, and large treasuries.
- Even at full deployment, MAVAN would trail Lido’s roughly 9–9.5 million staked ETH, though Bitmine is still adding to its holdings with recent buys including 50,000 ETH from FalconX and 117,111 ETH over two days.