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

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On-chain data reveals that approximately 8-9 million ETH is currently staked across four centralized providers.

Cover art/illustration via CryptoSlate

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.

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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.

Martin Köppelmann, 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.

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Author: Josh O’Sullivan


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