Staked Ether Rises to $20B With Lido in Lead: IntoTheBlock

Coin Edition
Coin Edition

17 Nov 2023 2:02 PM

Over $20 billion is staked on Ethereum as of November, driven by a boost that started after the Shapella upgrade in April. Read more on Coin Edition...

  • The liquid staking market on Ethereum has experienced significant growth, with over $20 billion staked as of November.
  • Lido is the leading player in the liquid staking market, followed by Rocket Pool.
  • The liquid staking tokens (LST) market has become an important part of the cryptocurrency market.
  • Lido's stETH remains the top liquid token, but competition has increased since the Ethereum Shapella upgrade in April 2023.
  • New entrants have captured around 15% of the market share, driven by growing investor confidence.
  • Lido's stETH has $18.3 billion staked and the most holders with 238.6k unique addresses.
  • Rocket Pool's rETH is the second-largest LST token, known for its commitment to decentralization.
  • ankrETH has also seen a significant increase in its user base, ranking second in holders but still behind stETH.
  • Lido's governance token, LDO, has a concentration of large whale investors, although their control has decreased by over 10% in the past year.

The article highlights the growth and competition in Ethereum's liquid staking market, indicating a positive sentiment overall.

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You May Ask

How much has been staked on Ethereum as of November?Which protocol leads the liquid staking market?What aided the competitive boom in the liquid staking landscape?How has Lido's market share changed since the Ethereum Shapella upgrade?Which token has the most holders in the liquid staking market?

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