Cryptocurrency

Research: 78% of all staked ETH is across 4 centralized providers; 74% of all blocks are OFAC compliant

Ethereum (ETH) staking on-chain data shows an estimated 78% of staked ETH is spread across four centralized providers.

Approximately 8-9 million ETH is currently staked with the following 4 providers:

  • Lido – 4.5 million ETH stake
  • Coinbase – 2 million ETH stake
  • Kraken – 1.2 million ETH wagered
  • Binance – Bet 1 Million ETH

At the time of writing, nearly 75% of all blocks generated by ETH are considered Office of Foreign Assets Control (OFAC) compliant, and this number is increasing every week. In contrast, a total of about 15% of all blocks generated by ETH are still non-OFAC compliant, while the remaining 11% are “non-MEV-Boost” blocks.

Just one month ago, an estimated 51% of blocks were OFAC compliant. Compared to this current on-chain data, it shows a rapid shift in block censorship, with over 20% compliance in just one month.

Martin Köppelmann, co-founder of decentralized platform Gnosis, explained on October 14 that the direction towards 100% censorship of the Ethereum block is just one step away.

Post research: 78% of all ETH staked is spread across four centralized providers. 74% of all blocks are OFAC compliant and first appeared on CryptoSlate.

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