Ethereum Centralization Concerns Grow Post-Merge as Top Stakers Control Majority of Network

Ethereum centralization has increased post-Merge, with top 5 staking providers controlling over 50% of network.

Lido alone accounts for almost one-third of Ethereum staking, but its decentralized governance is controlled by few entities.

Rejection of capping Lido's stake at 22% shows its centralized decision making.

Overall staking yields have dropped from 7.3% pre-Merge to 5.5% currently.

Vitalik Buterin admits centralization is a key challenge and could take 20 years to solve.