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