How decentralized is Ethereum really? We will go through across 9 key metrics and discuss them. Thread: 👇

1/ Client Diversity: • Consensus: 55.28% • Execution: 39.51% Both are in the yellow zone. Lack of diversity here increases the risk of client bugs or failures.

2/ Client Count: • Consensus clients: 5 • Execution clients: 5 This is a healthy signal.

3/ Non-Hosted Validator Marketshare: 83.91% Most validators are self-sovereign, not on centralized providers. One of Ethereum’s strongest decentralization signals today.

4/ Geolocation Diversity: 54.28% Validators are spread out globally, but there’s still space for better regional balance. Too much clustering in a few countries weakens censorship resistance.

5/ Staking Pool Diversity: 53.6% A significant share of ETH is delegated to a small number of pools. While this reflects user preference and trust in major platforms, a broader distribution could reduce concentration risk over time.

6/ Staking Entity Diversity: 69.17% Slightly better, but still red. Even though we have multiple staking entities, the largest ones still dominate. Greater diversity = stronger decentralization guarantees.

7/ Non-Pool Validator Marketshare: 33.66% Only 1 in 3 validators operate outside of staking pools. Definitely, pools play a key role in accessibility and efficiency, greater diversity in validator types can contribute to overall network robustness.