Ethereum (ETH) staking on-chain data shows that an estimated 78% of all staked ETH is across four centralized providers.
Currently, an approximated 8-9 million ETH is staked across the following four providers:
- Lido – 4.5 Million ETH staked
- Coinbase – 2 million ETH staked
- Kraken – 1.2 million ETH staked
- Binance – 1 million ETH staked
At press time, almost 75% of all blocks produced by ETH are considered Office of Foreign Assets Control (OFAC) compliant, with this number only increasing each week. Contrastingly, a total of around 15% of all blocks produced by ETH are still non-OFAC compliant, while the remaining 11% are ‘non-MEV-Boost’ blocks.
Just one month ago, an estimated 51% blocks were OFAC-compliant. In comparison to this current on-chain data, this shows a rapid transition in block censorship – jumping over 20% in compliance in just a month.
We reached another sad milestone in censorship: 51%
This means if the censoring validators would now stop attesting to non-censoring blocks they would eventually form the canonical, 100% censoring chain. pic.twitter.com/JrYUjowLpt
— Martin Koppelmann ???? (@koeppelmann) October 14, 2022
Martin Koppelmann, co-founder of the decentralized platform, Gnosis, explained on Oct 14th that the direction towards 100% censorship of Ethereum blocks is one small step away.
Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and decentralized finance as a whole.
