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ETH May Already Be Showcasing Increased Signs of Centralization

In his thread, Köppelmann mentioned that just seven players own more than two-thirds of the stake on Ethereum’s proof-of-stake network – the key measure of network power under the new miner-free system. Lido, a kind of community-led staking collective, and Coinbase, the third-largest crypto exchange, own 27.5% and 14.5% of the network’s stake, respectively.