CandleFocus Ethereum Liquid Staking Hits 14M ETH Milestone, Adding 1.77M in 2024
2024-09-29
Author: Content Editor
The amount of ether (ETH) locked in liquid staking derivatives (LSD) protocols has reached 14 million ETH, according to recent data. Over the past 12 days, around 90,000 ETH has been deposited into LSD platforms, pushing the total ETH in staking protocols over the 14 million mark. In 2024 alone, an additional 1.77 million ETH, valued at roughly $4.68 billion, has been funneled into defi staking protocols. The combined value of the 14.08 million ETH held in LSDs is now $37.33 billion, representing 11.69% of Ethereum's market cap. Lido, Binance, and Rocket Pool are the dominant players in the LSD market, controlling 69.59%, 10.10%, and 8.63% of the LSD reserves, respectively. This growth in LSD platforms signals a steady shift in Ethereum's staking ecosystem.
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