Part 7/15:
The analysis reveals key data points:
Ethereum has approximately 448,000 validators, but a small number—primarily large pools—control majority stakes.
Major staking pools like Lido, Kraken, and Coinbase hold over 50% of ETH staked, posing centralization risks.
Other networks show varying degrees of decentralization, with some chains, like Solana, having just over 3,000 validators, but with a lower Nakamoto coefficient, indicating less structural decentralization.
This concentration poses a risk: collusion among large pools could potentially manipulate the protocol, making decentralization and security concerns central to ongoing development discussions.