Ethereum becoming increasingly concentrated

A representation of cryptocurrency Ethereum is placed on a PC motherboard in this illustration taken June 16, 2023. REUTERS/Dado Ruvic/Illustration

NEW YORK: The Ethereum ecosystem – the most important commercial network in crypto, handling billions of dollars worth of tokens – is getting increasingly centralised.

On Sept 27, blockchain infrastructure provider Blocknative said it will stop operating as a so-called relay, a key participant in adding blocks of transactions to the Ethereum blockchain.