Cambridge Research: 31% of Ethereum Node Activity Located in the US, One-Third of Nodes Offline Can Block Network Finality

TechFlow news, July 11, according to The Block, the Cambridge Centre for Alternative Finance (CCAF) newly released report "Ethereum After the Merge" shows that approximately 31% of Ethereum node activity is located in the United States, with 39% distributed in the European Union (excluding the UK), overall presenting a Western-centric landscape. The report points out that the Ethereum network faces potential centralization risks—nodes are highly concentrated among three major hosting providers: Hetzner, AWS, and OVH; once more than one-third of validators go offline simultaneously, network checkpoints will stop finalization (Finalization). Additionally, the report also recalculated Ethereum's energy consumption; annual electricity consumption after the Merge is approximately 7.9 GWh, down approximately 99.98% compared to before the Merge, with sustainable energy accounting for over 56%, and the cost required to offset its annual carbon emissions is only about $33,500 to $73,800.