We hear all the time about how some coin is more centralized than others, but the question is how centralized? A good way to measure this is the number of "full nodes" in the network. I compiled a list of the top 10 market cap coins by number of "full nodes" plus added a few I know to have a large network even if they have a smaller market cap. Full nodes are computers or servers with an entire copy of the blockchain that can participate in consensus. Node count is important for security, decentralization, and network resiliency.
Top 10 coins (ranked by # of nodes)
| Ranking | Coin | # of full nodes | source |
|---|---|---|---|
| 1 | BTC (Bitcoin) | 45,000 | https://bitnodes.io/nodes/all/ |
| 2 | ETH (Ethereum) | 9,000 (you will often see 50k quoted, these are not full validators.) | https://etherscan.io/nodetracker#countries/us/us-all |
| 3 | Doge (Dogecoin) | 4600 | https://what-is-dogecoin.com/nodes/ |
| 4 | GRC (Gridcoin) | 3000 | https://gridcoin.ch/network-map |
| 5 | XMR (Monero) | 2800 | https://eprint.iacr.org/2019/411.pdf |
| 6 | ADA (Cardano) | Impossible to determine but probably around 2000. | https://cexplorer.io/relays https://np.reddit.com/r/cardano/comments/mbhzec/number_of_cardano_nodes/ |
| 7 | SOL (Solana) | 1900 | https://solana.com/news/validator-health-report-august-2022 |
| 8 | LTC (Litecoin) | 1000 | https://blockchair.com/litecoin/nodes |
| 9 | MATIC (Polygon) | 200 | https://polygonscan.com/nodetracker# |
| 10 | XRP | 150 | https://xrpl.org/faq.html |
| 11 | BNB (Binance Smart Chain) | <50 | https://getblock.io/blog/what-is-bsc-binance-smart-chain-bnb-chain-guide/ |
I didn't include USDC or Tether since they're stablecoins and not decentralized blockchains.
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