Home ETH’s Liquid Staking Protocols Surpasses $27 bn

ETH’s Liquid Staking Protocols Surpasses $27 bn

Share
Share

ETH’s Liquid Staking Protocols Surpasses $27 bn

Over the past six months, the Ethereum ecosystem has seen significant growth in liquid staking protocols, with 12.31 million ETH locked in as of January 6, 2024.

This represents a significant increase from 10.16 million in July 2023, resulting in a value growth of $27.49 billion. Lido Finance, a leading player in this domain, has amassed 1.7 million ETH since July 2023, holding over 75% of the total deposited Ethereum.

Other notable shifts include Lido’s 21.16% increase in Ethereum reserves, Rocket Pool’s growth from 810,502 ETH to 1.09 million, and Binance’s exponential increase in Ethereum holdings.

The addition of 2.15 million ETH, valued at $4.83 billion, across the top 27 liquid staking protocols indicates a strong interest in Ethereum-based liquid staking, highlighting the increasing trust and participation in the network’s staking mechanisms.

(With inputs from Shikha Singh)

Share

Latest News

Ripple Prime Lands $200M Funding Deal To Boost Institutional Crypto Margin Trading
News

Ripple Prime Lands $200M Funding Deal To Boost Institutional Crypto Margin Trading

Key Takeaways Neuberger Berman has offered Ripple Prime $200 million in capital to increase institutional cryptocurrency margin trading. Depending on investor demand,...

LayerZero Apologizes For Handling Of Kelp DAO Exploit
News

LayerZero Apologizes For Handling Of Kelp DAO Exploit

LayerZero issued a public apology regarding its handling of the April 18 exploit involving Kelp DAO’s cross-chain bridge, which resulted in the...

Crypto.com Scores Major UAE Win With First Ever SVF License
News

Crypto.com Scores Major UAE Win With First Ever SVF License

Key Takeaways Crypto.com has become the first cryptocurrency company to get a UAE Stored Value Facilities (SVF) license, a significant step forward...

Stablecoins Now Drive 90% Of Peru's $28B Crypto Market
News

Stablecoins Now Drive 90% Of Peru’s $28B Crypto Market

Stablecoins now account for nearly 90% of Peru’s annual cryptocurrency transaction volume, according to Binance Latam North General Manager Daniel Acosta. Peru’s...

Latest Blogs

Art Of Becoming A Memecoin Master & Staying Ahead

Within the cryptocurrency market, memecoins are a more lighthearted and entertaining segment. They are created from online comedy, viral trends, and jokes....

“Click, Token, Own!” Why RWA Is The Future Of Finance?

A financial revolution, RWA tokenization bringing real-world assets onto blockchain RWA tokenization increases accessibility, quickness and transparency, pushing markets to expand rapidly,...

Top 5 Ways To Spot The Best AI Coin

Artificial Intelligence (AI) is the talk of the town as it goes on to completely alter the intrinsic landscape of our industries...

Stablecoins Go Mainstream: How Hong Kong’s Bold Regulation Is Shaping Future Of Digital Finance

The word “stablecoin” is no longer limited to tech jargon in today’s quickly changing financial scene. It is now a structural component...

Related Articles

Art Of Becoming A Memecoin Master & Staying Ahead

Within the cryptocurrency market, memecoins are a more lighthearted and entertaining segment....

“Click, Token, Own!” Why RWA Is The Future Of Finance?

A financial revolution, RWA tokenization bringing real-world assets onto blockchain RWA tokenization...

Top 5 Ways To Spot The Best AI Coin

Artificial Intelligence (AI) is the talk of the town as it goes...

Stablecoins Go Mainstream: How Hong Kong’s Bold Regulation Is Shaping Future Of Digital Finance

The word “stablecoin” is no longer limited to tech jargon in today’s...