Liquid Staking Derivatives in Ethereum Swell by 1.5 Million ETH in 2 Months
Over the course of the previous 63 days, there’s been a notable 16.98% surge in the quantity of ethereum (ETH) held in liquid staking derivatives protocols, with a substantial addition of roughly
1,507,285 ETH across 23 different platforms. Data reveals that Lido Finance dominates the market, commanding a 74% share of the liquid staked ether sector.
In a span of barely more than two months, the liquid staking derivatives sector witnessed a substantial swelling of nearly
$3 billion in its value.
In the last week, the total value locked (TVL) in the liquid staking protocol Lido Finance has seen a marginal increase of 1.80%, and over the previous month, the TVL experienced
a more significant jump of 7.29%.
Data from May 12 suggests that Coinbase’s holdings were approximately
1.14 million ether, a figure that has seen little change to date.
On May 12, Binance’s Staked Ether protocol held
20,371 ether, a figure that has since surged to 91,834 ETH today. This signifies that during the past 63 days, a substantial 71,463 ether has been contributed to Binance’s Staked Ether protocol.
