Das Ethereum-Finanzunternehmen BitMine überschreitet den Meilenstein von 1 Million eingesetzter ETH

A single company staking a million ETH says more about financialization and yield capture than about decentralization, scalability, or everyday usability. Locking coins for yield isn’t the same as processing transactions cheaply, simply, and reliably at scale.

If anything, it highlights the direction Ethereum has taken: fewer large actors, more capital locked up, and more layers between users and the base chain. That’s fine as a design choice — but it’s not the same as being the only viable crypto or having the best settlement model.

Staking ≠ usage. TVL ≠ guarantees. And size alone isn’t a substitute for clean system design.