Rocket Pool: rETH Supply Falls, Node Operators Climb
Rocket Pool’s bi-weekly update shows rETH supply has declined from 412,976 to 404,124 (a 2.1% drop), while pending and active minipools edged down to 20,735. Despite this, node operators rose to 4,002, reinforcing network decentralisation. Key protocol milestones include the launch of Smart Node v1.17.2 with client updates for Geth, Lodestar, Nethermind and Nimbus, the rollout of Saturn devnet-4 and the ongoing Cantina audit. Governance updates saw pDAO bootstrap mode disabled and the Governance and Marketing Council adopt Liquity V2’s BOLD stablecoin. Rocket Pool also opened Round 28 of grants and bounties and published its DAO treasury report. On integrations, an ETH treasury strategy began using rETH. Marketing efforts led to a new USD TVL all-time high, a brand refresh and recognition from ETH+. Regulatory clarity arrived as the SEC confirmed liquid staking services like Rocket Pool are not securities. DeFi strategies for rETH on Arbitrum gained traction, rETH’s USD price matched ETH’s all-time high, and the RPL token secured two new exchange listings. With over 700,000 ETH staked across 3,200+ nodes, Rocket Pool remains a leading decentralised Ethereum staking protocol.
Bullish
Despite a modest drop in rETH supply and minipools, Rocket Pool’s rising node operator count, protocol upgrades (Smart Node v1.17.2 and Saturn devnet-4), governance enhancements and regulatory clarity from the SEC underpin positive sentiment. Marketing achievements — a USD TVL all-time high, brand refresh and ETH+ recognition — alongside growing DeFi strategies, rETH price reaching ETH’s ATH, and new RPL listings point to strong network adoption and liquidity. Short-term, minor supply dips may cause slight price consolidation. Long-term, continued decentralisation, innovative releases and regulatory support suggest a bullish outlook for rETH and RPL.