> eg it's been estimated that over half the Ethereum are owned by less than 10 entities You throw this kind of claim without providing proof. Unfortunately, it

> eg it's been estimated that over half the Ethereum are owned by less than 10 entities You throw this kind of claim without providing proof. Unfortunately, it's a claim I have seen made before (e.g. https://www.financemagnates.com/cryptocurrency/news/top-10-ethereum-whale-accounts-own-21-of-the-total-eth-supply/ https://www.financemagnates.com/cryptocurrency/news/top-10-e...) and it doesn't hold any level of scrutiny. Although you embellish it and exaggerate it even further. This kind of number typically assumes that a smart contract owns the ETH that it contains. Which is not true by the very nature of the smart contract, what it can do with the ETH is programmed in its code and the users depositing the ETH on it are the ones that decide what to do with it. Then it looks at the accounts that have the most ETH (https://etherscan.io/accounts https://etherscan.io/accounts), aggregates together all centralize exchange accounts, assumes they also own the ETH. Do some quick math and publish a misinformation article ready to be shared by anyone whose confirmation biases are triggered. Bonus points if you can then exaggerate the numbers further without providing any figures and keep the misinformation going. Some numbers... There is currently 39 M ETH locked in DeFI smart contracts (32% of circulating supply). https://defillama.com/chain/Ethereum?currency=ETH https://defillama.com/chain/Ethereum?currency=ETH There is 13 M ETH locked in the staking contract (11% of circulating supply). There is 2.5 M ETH locked in L2s (2% of circulating supply). https://l2beat.com/ https://l2beat.com/ So that's 45% of circulating supply not owned by any single entity.