• 11.5 million ETH is staked via staking providers
• Lido holds 42% of the staked ETH
• Coinbase, Kraken and Binance hold 18%, 11% and 9% of all staked ETH, respectively
As of press time, the total amount of Ether (ETH) that has been transferred to the Ethereum 2.0 (ETH2) deposit contract via staking providers has reached a whopping 11.5 million. This is a significant milestone for the Ethereum network, as it shows the amount of value that is currently being locked into the ETH2 system.
The largest provider of staked ETH is currently Lido, which holds a 42% share of all staked ETH. This is followed by centralized exchanges Coinbase, Kraken and Binance, which hold 18%, 11% and 9% of all staked ETH, respectively. These four entities hold a combined 80% of all staked ETH, indicating a high level of centralization.
It is worth noting that staking provides ETH holders with the opportunity to earn rewards for helping to secure the network. This is done by locking up ETH for a certain period of time, after which the ETH can be withdrawn with a reward. This process has become increasingly popular in recent times due to the high rewards that can be earned.
In addition to providing rewards, staking also helps to ensure the security of the Ethereum network. By locking up ETH, stakers are helping to ensure that the network remains secure and decentralized.
Overall, the fact that 11.5 million ETH have been staked via staking providers is a positive sign for the Ethereum network. It shows that the network is becoming increasingly secure and decentralized, as more and more ETH is locked up in staking. This is a promising sign for the future of Ethereum and its long-term prospects.