🟣 Ethereum: Staking Volume Hits All-Time High - But Is There a Risk?
🔒 Currently, the staked ETH exceeds 35 million, accounting for nearly 30% of the total supply. This means these tokens are locked and cannot be traded.
💼 Top Participants:
Lido holds about 25% of staked ETH
Binance and Coinbase - each accounts for about 7.5%
👉 Together, these three platforms control over 40% of the validator power
📉 This raises concerns: if these platforms are affected, the network could become more centralized and even partially paralyzed.
🪙 Meanwhile, large-scale staking has other implications:
ETH becomes scarcer - this could drive prices up
DeFi lacks liquidity tokens, leading to increased borrowing rates (e.g., stETH and rETH)
⚖️ Is it good or bad?
✅ Pros - because large investors believe in Ethereum and lock tokens for the long term.
❌ Cons - because too much control is in the hands of a few entities.
💬 What do you think?
A new era for Ethereum - or a threat to its decentralization process?
