The volume of Ethereum locked into liquid staking platforms reached a peak of 14 million ether in October 2024 but has since declined to 13.78 million ether as of January 5, 2025. Liquid staking derivatives (LSDs) have become popular in decentralized finance (defi) as they allow users to stake their cryptocurrencies while maintaining liquidity. Lido is currently the dominant platform, holding 9.64 million ETH, but has seen a decrease in holdings since November 2024. Binance's liquid staking platform has gained traction, accumulating 150,000 ETH, while Rocket Pool has experienced outflows. The decline in locked ether suggests changing user preferences and potential hesitation within the defi community.



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