The popularity of ethereum liquid staking has surged, with 30 protocols collectively holding 14.14 million ETH, up from 14.08 million ETH a month ago. These protocols now secure 11.74% of the total ETH in circulation, surpassing the amount managed by US spot ether exchange-traded funds (ETFs). Lido Finance leads the market with 9.75 million ETH, followed by Binance, Rocket Pool, Mantle, and Coinbase. However, this consolidation of staked ETH among a few major players raises concerns about network security and decentralization, as highlighted by Ethereum co-founder Vitalik Buterin. He warns that centralization could weaken the network's security and resilience.
- Content Editor ( news.bitcoin.com )
- 2024-10-29
14 Million ETH and Counting: The Growing Influence of Ethereum Liquid Staking Giants