4 Crypto Platforms Control More Than 61% of Ethereum Locked for Staking

According to a report recently released by analytical company Nansen, four cryptocurrency platforms account for 61.25% of the Ethereum blocked for staking.

According to the report, the share of three centralized exchanges, Coinbase, Kraken and Binance, in total exceeds 30%, whereas DeFi protocol Lido Finance dominates with 31% of Ether locked.

The company experts have noted that just over 11% of the Ethereum market supply is involved in staking. In total, there are 426,000 validators and about 80,000 depositors.

The fall in the price of Ether by 71% from its ATH has led to the fact that a significant part of the crypto in staking is unprofitable.

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