In less than a month, despite a downturn in cryptocurrency markets, over 680,000 ethereum (ETH) has been added to liquid staking derivatives protocols. Lido Finance, the leading liquid staking platform, experienced a supply increase of 5.94%, surging from 7.91 million to 8.38 million ETH since July 29.
Ether Held in Liquid Staking Jumps From 10.65 Million to 11.33 Million in Less Than a Month
Over the previous 28 days, a collection of 25 liquid staking derivatives protocols witnessed more than 680,000 ETH added. On July 29, 2023, liquid staking applications held about 10.65 million ETH; today, this figure has climbed to roughly 11.33 million. Lido maintains a dominant 73.98% market share with its 8.38 million ETH stake following the near-6% increase.
Among the total of over 680,000 ETH contributed during the past 28 days, Lido received an influx of about 470,000 ETH. Back on July 29, Coinbase’s liquid staking derivative product held approximately 1.17 million ether; today, it stands
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