Quick Take The Ethereum 2.0 deposit contract has reached a significant milestone, with its balance surpassing 50 million ETH in USD value, according to Glassnode. Of this, over 24 million ETH—almost 48%—is controlled by the top 11 staking providers. I believe this highlights a trend towards centralization. The top four providers—Binance, Kraken, Coinbase, and Lido—hold […]
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Ethereum 2.0 deposit contract surpasses 50 million ETH amid centralization concerns