#Giveaway  on last slide

Ethereum Is Now iIn Control of Only Two Entities

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The network's staking rating shows that only two entities hold close to 50% of its total network power, which is a dangerous redistribution. 

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Decentralized Autonomous Organization Lido is the largest Ethereum shareholder. This is the only positive aspect of the ranking.

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Lido makes it possible for anyone to join its DAO and be part of the largest Ethereum network entity. 

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This technically makes Lido the biggest Ethereum holder decentralized. Coinbase exchange holds the second largest share, with over 14%. 

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The 14% share should not be sufficient to create serious problems with decentralization on the network. 

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The distribution of funds between centralized exchanges raises many questions about the stability and viability of the PoS model.

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Six central exchanges hold a large share of the dominance on Ethereum's network. 

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Because exchange inflows are still relatively low, the percentage of controlled Ethereum will be lower than during periods similar to 2021's bull run.

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The recent plunge of 10% in short-term volume could have been caused by problems with regulators or issues with decentralization. 

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Gary Gensler, SEC chair, stated that Ethereum now shares a structure similar in nature to a security with its shareholders. 

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The SEC could apply security laws to Ethereum through the staking mechanism. This creates additional risk for investors.

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