ETH's staking service providers' dominance is concerning, here's why
70% of Ethereum staked is controlled by staking services, which has raised concerns about decentralization.According to data provided by, it was observed that 70.86% of all Ethereum staked on the beacon chain was being staked by staking services such as Lido, Coinbase, Kraken, and Binance.
This concentration of staking services on the beacon chain has the potential to impact the overall decentralization of the Ethereum network. At press time, Lido made up 29.3% of the overall staked ETH, followed by Coinbase , Kraken , and Binance . This suggests that a relatively small number of entities hold a significant portion of the staked ETH and that the network is less decentralized than it could be.Despite this, the number of validators on the Ethereum network continued to grow.Based on data provided by Staking Rewards, the number of validators on the Ethereum network grew by 2.53% over the last month. Along with that, the revenue generated by the stakers grew as well.and earning rewards for validating transactions on the network.
One of the reasons for the same could be the growing number of Ethereum addresses in profit. At the time of writing, more than 60% of addresses holding Ethereum were in profit. If this number continues to grow, it could incentivize addresses to sell their holdings for a profit which could impact ETH’s price negatively.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Aave V3 set to launch on Ethereum amid a steady decline in daily revenueA new proposal to launch Aave V3 on Ethereum has been published. The decline in new users on Aave has caused its daily revenue to decline by over 70% in the last year. Aave, the decentralized lending protocol, recently put forward a proposal titled “Aave Ethereum V3,” in which it requested votes from its community […]
اقرأ أكثر »
The Sandbox reports record land sales as metaverse virtual worlds gain popularityETH whales favor The Sandbox amid favorable YOY NFT revenue growth. SAND experiences extended demand despite being overbought. The Sandbox just earned its way into the list of most used smart contracts among the top 100 ETH whales in the last 24 hours. But is this an indicator that the metaverse network is experiencing more […]
اقرأ أكثر »
Ethereum notes a strong bullish bias on charts, here’s why $1680 is criticalDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Ethereum has a bullish outlook, and a buying opportunity could present itself on a lower timeframe market structure break. The CVD was not encouraging, but other technical aspects and price action supported further upside. Ethereum […]
اقرأ أكثر »
CRV becomes the most traded token among Ethereum whales but…CRV extends gains amid increased whale activity. ETH whales contribute to the demand for CRV despite being heavily overbought. Curve Finance’s native token CRV just jumped to the top of the list of most traded crypto tokens among ETH whales. This outcome may pave the way for the next major price move for CRV given […]
اقرأ أكثر »
Curve Finance to increase pools with additional gauges on EthereumThe whales on Curve Finance have requested for more gauges to be added to Ethereum. CRV was significantly overbought at press time and might be due for a price correction. Following a request from whale addresses on its platform, Ethereum-based decentralized finance (DeFi) platform Curve Finance has put forward a proposal to add more gauges […]
اقرأ أكثر »
FBI confirms North Korean cybercrime groups stole crypto from Horizon BridgeThe FBI has identified two North Korean cybercrime groups in connection to the Horizon Bridge hack The bureau claimed that a portion of the stolen Ethereum (ETH) was converted to Bitcoin (BTC) The United States Federal Bureau of Investigation (FBI) announced that North Korean cybercrime groups were behind the hack of Horizon Bridge. The attack […]
اقرأ أكثر »