11.5M ETH Staked: Lido Dominates as Coinbase, Kraken & Binance Follow

• 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 ETH transferred to the ETH2 deposit contract via staking providers has hit 11.5 million. This marks a significant milestone for Ethereum’s transition to ETH2, as more and more users are staking their ETH in order to take part in the network’s upcoming upgrade.

Lido, a staking service provider, currently holds 42% of all staked ETH. This is a significant amount, considering the fact that 80% of all staked ETH is concentrated among just four entities. Aside from Lido, these entities include centralized exchanges Coinbase, Kraken and Binance, which hold 18%, 11% and 9% of all staked ETH, respectively.

It’s clear that staking providers are becoming increasingly popular, and users are becoming more comfortable with leaving their funds in the hands of these entities. However, it’s still important to exercise caution when selecting a staking provider, as there are some providers out there that may not be as reliable or secure as others.

Overall, it’s exciting to see the amount of ETH staked via providers hit 11.5 million. This is a sign that ETH2 is gaining traction, and that users are looking forward to the launch of the network. With so much ETH locked up, it’s clear that ETH2 will be an important part of the Ethereum ecosystem for years to come.