Analysis: DeFi is driving decentralization of Ethereum

In an article entitled "Measuring Blockchain Decentrality" published by ConsenSys researchers, researchers Everett Muzzy and Mally Anderson attempted to quantify the "decentrality of the Ethereum network over time." After looking at various on-chain indicators, they concluded that due to the DeFi boom and other factors, even as miners and mining pools became more concentrated, Ethereum became more decentralized.