New data shows that most of the staking Ethereum is controlled by four providers. Payments are falling, but customers continue to show interest. According to the latest data, four providers control the majority of all ETH. This development may threaten the release of Eth. Delphi Digital, a crypto research company shared this data via Twitter.
From the data provided by Delphi Digital, it was found that 57% of Ethereum staked are controlled by providers such as Lido Finance, Coinbase, Binance, and Kraken. Among these providers, Lido Finance is responsible for 30% of all ETH owned by these companies.
Along with the Centralization of Eth staking, another cause of concern will be the reduction of income from Ethereum staking. According to the information provided by Staking Rewards, it was found that the income from Eth stakingrs decreased by 22.88%.
At the time of writing, the total amount collected by retailers is $863.5 million. Despite the decrease in Ethereum’s revenue at the time of publication, things can improve Eth in this regard. This will be because there has been a slight increase in the amount of gas used for Eth transactions.
According to data provided by Glassnode, the central gas consumption for Ethereum has reached a one-month high. If gas consumption continues to grow, gas royalties can improve revenue. New data shows that most of the staked Eth is controlled by four providers
Payments are falling, but customers continue to show interest
According to the latest data, four providers control the majority of all ETH. This development may threaten the release of Eth. Delphi Digital, a crypto research company shared this data via Twitter.
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Read Ethereum [ETH] Price Forecast 2023-2024
From the data provided by Delphi Digital, it was found that 57% of Ethereum staked are controlled by providers such as Lido Finance, Coinbase, Binance, and Kraken. Among these providers, Lido Finance is responsible for 30% of all ETH owned by these companies.
Along with the Centralization of Eth staking, another cause of concern will be the reduction of income from Ethereum stakingrs. According to the information provided by Staking Rewards, it was found that the income from Eth stakingrs decreased by 22.88%. At the time of writing, the total amount raised by stakers is $863.5 million. Source: Staking Rewards
Despite Ethereum’s currency decline at the time of publication, things may be looking up for Eth in this regard. This will be because there has been a slight increase in the amount of gas used for Eth transactions. According to data provided by Glassnode, the central gas consumption for Ethereum has reached a one-month high. If gas consumption continues to grow, gas royalties can improve revenue.
Present and Future(s)
Although the income from Eth declined, the futures and production markets continued to show interest in Ethereum. Data collected by CryptoQuant shows that open interest in Eth has increased. Also, it was found that many customers have spent a long time on Ethereum.
How Much Can Ethereum Get For $1?
Despite the overall optimism expressed by long-term investors, the activity of Ethereum among new addresses has decreased. This is shown by the decrease in network growth in Ethereum. The decrease in network growth suggested that the frequency with which new ETH addresses are transferred has decreased.
The decrease in activity of new addresses may be because many of these addresses are holding their $ETH at a loss. This is reflected by the decrease in the Market Value to Realized Value (MVRV) ratio. He said that many ETH holders will experience losses if they decide to sell their positions.
A negative long/short difference means that most of the invalid ones are usually new addresses.
So it remains to be seen whether this new address will sell their position at a loss or continue to hold their ETH. At the time of writing, Ethereum is trading at $1219.31 and its price has increased by 0.21% in the last 24 hours.
