Lido Finance, the largest staking protocol on Ethereum, with deposits of nearly 10 million ETH has been dominating a wide majority share in Ethereum’s staking market. There’s been a long-going concern regarding Lido’s domination in the staking space that could lead to the centralization of power. However, the good thing is that amid the recent rise of liquid restaking protocols on Ethereum, Lido’s market share has dropped under 30%.
Lido’s Staking Share on Ethereum
According to Ethereum contributor Anthony Sasson, there has been a notable shift in Lido’s market share of staked ETH, which now stands at below 30%. He highlights the impending impact of Puffer’s significant vampire attack, amounting to over $1 billion.
Sasson emphasizes a long-standing suggestion to diminish Lido’s growth and market share by fostering competition in the staking sector. With increased competition, he believes the Ethereum staking ecosystem has become more robust than ever. Sasson anticipates
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