Ethereum’s Liquid Staking Derivatives Platforms Near $20 Billion Valuation with 10 Million Ether Locked
According to recent data, over ten million ethereum (ETH) is currently locked in liquid staking defi platforms, with a total value of $19.456 billion. The top-ranking platform in this space is Lido, which holds around 7,530,330 ether, giving it a market share of 74.51%. Coinbase’s Wrapped Ether defi platform and Rocket Pool are also significant players, with 1,124,130 ether and 803,406 ether respectively. Frax Ether and Stakewise round out the top five platforms.
Key points:
– Lido is the leading liquid staking derivatives platform, with a market share of 74.51% and a total value locked of $14.43 billion.
– Coinbase’s Wrapped Ether defi platform has a total value locked of $2.24 billion.
– Rocket Pool is the third-largest platform, with holdings of 803,406 ether valued at $1.54 billion.
– Frax Ether and Stakewise are the fourth and fifth-largest platforms, with control over 234,062 ETH and a marginal increase of 0.31% and 1.10% respectively.
– The top five liquid staking derivatives tokens have an ETH-peg price discrepancy ranging between 0.08% and 0.53%.
In conclusion, Ethereum’s liquid staking derivatives platforms are experiencing significant growth, with a total of 22 platforms and over ten million ether locked. Lido remains the dominant player in this space, with a market share of 74.51% and a valuation of $14.43 billion. This trend highlights the increasing popularity and value of liquid staking in the cryptocurrency market.
Hot Take
Ethereum’s liquid staking derivatives platforms are becoming a crucial part of the cryptocurrency ecosystem, with billions of dollars’ worth of ether locked in these protocols. As more investors seek to earn staking rewards while maintaining liquidity, the market for liquid staking is likely to continue growing. Lido’s dominance in this space demonstrates the trust and confidence placed in its platform, making it a top choice for users looking to participate in liquid staking.
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