Influx of 1.5 Million Ether Bolsters Liquid Staking Derivatives Platforms
Good news for the crypto world! The liquid staking derivatives sector has seen a massive increase in value, with nearly $3 billion added in just over two months. This growth is fueled by an influx of 1.5 million ether, equivalent to around $2.96 billion. Let’s break down the key points:
- The value of liquid staking platforms has grown by $3 billion in 63 days.
- Lido Finance holds the majority of ether, with 7.71 million ETH locked in its protocol.
- Following Lido, Coinbase’s Wrapped Ether protocol holds 1.14 million ETH.
- Rocket Pool received a deposit of 207,406 ether.
- Binance’s Staked Ether protocol saw a significant increase of 71,463 ether.
This influx of ether has propelled Binance’s platform to become the sixth-largest among the 23 liquid staking platforms. In total, the amount of ether locked in liquid staking platforms now represents 8.63% of the total circulating supply issued by Ethereum. It’s an exciting time for the crypto community as the liquid staking derivatives sector continues to thrive and attract more investors.
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