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Staking ETH on popular exchanges contributes to Ethereum censorship.

Staking ETH on popular exchanges contributes to Ethereum censorship.

The use of censoring MEV relays by crypto ecosystems and exchanges is one of the most significant factors undermining Ethereum's credibility.

Compliance with federal sanctions has a negative impact on the global reach of most crypto ecosystems. When it comes to Ethereum, however, investors wield significant power over the ecosystem's level of compliance.

Almost 60% of all post-Merge Ethereum blocks adhere to US sanctions imposed by the Office of Foreign Assets Control (OFAC). While the crypto community is opposed to this transformation, many are unaware of their own contribution to helping Ethereum achieve total OFAC compliance.

The use of censoring Miner extractable value (MEV) relays by crypto ecosystems and exchanges is one of the most significant factors undermining Ethereum's credibility. MEV relays, which are used by prominent crypto players such as Binance, Celsius Network, Coinbase, Kraken, and Cream Finance, act as a mediator between block producers and block builders. Users staking Etheron platforms that run censoring MEV relays on their validators (as shown above) are directly contributing to Ethereum censorship. By using a non-censoring MEV-boost relay, crypto platforms can help to improve the situation.

.net/YwotbKdP4sVunJGfdhmgww/e8f260a6-84bf-4222-a093-e1ef14e44c00/

Some popular MEV-boost relays that do not promote censorship for validators and relay operators are Ultra Sound Money, Agnostic Boost, Aestus, BloXroute Max Profit, BloxRoute Ethical, Manifold, and Relayooor.

At the time of writing, 67 of the last 100 Ethereum blocks were found to be in compliance with OFAC.

As investors, we must recognize that protocol-level censorship is a deterrent to crypto's goal of enabling open and inclusive finance. As a result, it is critical for both investors and service providers to choose non-censoring MEV-boost relays. Two dormant addresses reawakened after four years to transfer 22,982 ETH to the Ethereum ecosystem.

The ETH transfers in question can be traced back to Genesis and Poloniex trading platforms, where the unknown whales transferred 13,103.99 ETH and 9,878 ETH, respectively.

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