The accumulation of ETH by large holders is a result of the switching to proof of stake consensus algorithm — which is in a way ‘the rich gets richer’.

Most of the tokens on Ethereum blockchain may be considered as ‘toxic assets’ which are mixed with few decent tokens. Minting of new tokens is pretty easy even for beginner programmers.

The growth of Ethereum decentralized exchanges is fueled by naive investors and speculators cashing on them.