Ethereum Liquid Staking Trend Continues to Swell; 5 Platforms Control 97% of Market

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As of Feb. 7, 2023, the value locked in 11 Ethereum-based liquid staking protocols has risen above $11 miljard, with Lido, Myntbas, and Rocket Pool recording 4-10% gains over the past month. Lido holds more than 73% of the total value locked (TVL) out of the 6.87 million ether held by the 11 liquid staking platforms. More than 15% of the liquid staking TVL is being staked with Coinbase’s wrapped ether.

Lido Leads the Pack With 73% of Total Value Locked in Ethereum Liquid Staking Industry

Staking Ethereum has become a highly sought-after trend since its introduction on the network’s Beacon chain. The Beacon chain contract has 16.47 million ether locked, värde $26 miljard, that cannot be withdrawn until the upcoming March hard fork. A significant portion of this locked ether is held within liquid staking protocols, som 11 decentraliserad finans (defi) protocols hold 41% of the total, eller 6.87 million ether.

Ethereum Liquid Staking Trend Continues to Swell; 5 Platforms Control 97% of Market
Total value locked on Ethereum-based liquid staking platforms on Feb. 7, 2023.

Liquid staking involves exchanging ether for tokenized versions of ether. This allows holders to earn rewards while still having a liquid form of the coin that they can sell at any time without relying on a custodian. The staked ether is held within various protocols, and the platforms handle the exchange for minting and redemption processes. Ut ur 41%, which is valued at more than $11 miljard, Lido holds 73% of the total value locked (TVL). Lido’s TVL saw a 4.27% increase last month, and its value locked is around $8.18 miljarder idag.

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Ethereum Liquid Staking Trend Continues to Swell; 5 Platforms Control 97% of Market
Top five liquid staking platforms on Feb. 7, 2023.

Coinbase’s wrapped ether has 1,081,304 eterum (ETH) locked into the platform and the TVL has gained 5.74% förra månaden. The Coinbase wrapped ether platform TVL is 15.72% of the market share and the stash is worth $1.76 miljard. The next two largest liquid staking platforms saw the biggest gains over the last month out of the top five projects. Rocket Pool’s TVL climbed 10.71% i 30 days and during the same time frame, Frax Ether’s TVL increased by 76.73%. Rocket Pool has around 387,016 ETH locked and Frax Ether has a total of 87,134 eter.

Stakewise is the fifth-largest liquid staker, med 84,481 ether locked on Feb. 7, 2023, valued at $136 miljon. Frax Ether holds a 1.27% market share, while Stakewise holds 1.23% av 6.87 million ether. The other six decentralized finance liquid staking platforms hold a mere 2.6% av $11 miljarder i värde, while the top five liquid stakers control 97.4%.

Taggar i denna berättelse
2.6% Market, Beacon Chain, Myntbas, custodian, decentraliserad finans, Decentralized Finance Liquid Staking, ETH, eter, Ethereum, Ethereum (ETH), Ethereum staking, Utbyta, Frax Ether, Vinster, tillväxt, Friluftsbad, Liquid form, Liquid Staking, March hard fork, Market Control, Market Share, myntning, Plattformar, Protocols, redemption, Rocket Pool, Stakewise, stakning, Stash, Top Five Liquid Stakers, totalt värde låst, trend, värde låst, withdrawn

What do you think about the continued growth of Ethereum Liquid Staking protocols? Dela dina tankar i kommentarsfältet nedan.

Jamie Redman

Jamie Redman är nyhetsledare på Bitcoin-Tidings.com News och en finansteknisk journalist som bor i Florida. Redman har varit en aktiv medlem i kryptovalutagemenskapen sedan dess 2011. Han har en passion för Bitcoin, öppen källkod, och decentraliserade applikationer. Sedan september 2015, Redman har skrivit mer än 6,000 artiklar för Bitcoin-Tidings.com Nyheter om de störande protokoll som dyker upp idag.




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