The quantity of ethereum held by liquid staking platforms has remained steady, but Binance's derivative for staked ether, called wrapped binance beacon ether (wBETH), has seen a significant increase since mid-November, making it the second-largest protocol after Lido. Rocket Pool, once the second-place protocol, now has a diminished supply of its token rETH, but its holder base has grown. Mantle Network's mETH is close to rivaling rETH, while Lido's stETH remains dominant. Ethereum's blockchain currently hosts 9.39 million stETH. This realignment in the sector defies prior expectations of market inertia.



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