Decentralization: It’s a word that holds so much power and promise. But over the years, it’s become painfully clear that this concept isn’t being given the respect it deserves — and the consequences can be downright dangerous.
We live in a world where DAOs aren’t DAOs, where independent validators aren’t independent, and where PR departments breezily gloss over the fact that some blockchain projects are far more centralized than they may seem.
Emotionally and financially, countless crypto enthusiasts have bought into decentralized projects — full of belief that these platforms will bring about change and hopeful that they could make a lasting contribution that would make the world a better place.
Back in September, Glassnode questioned whether Uniswap was as decentralized as it appears to be. An “immense proportion” of the total supply of UNI tokens, 40% to be exact, has been allocated to the platform’s teams and investors, and the only entity with enough UNI to submit a