Overview of Ether Liquid Staking Sector
In a notable trend over the last three and a half months, the ether liquid staking sector has witnessed a considerable influx of funds, with total staked ether increasing from 13.62 million ETH to 14.31 million ETH. This surge, quantified at approximately 690,000 ETH—valued around $3.2 billion—has been spread across 33 liquid staking providers, as reported by defillama.com.
Leading Liquid Staking Providers
At the forefront of this market is Lido, maintaining a significant portion of the liquid staking ecosystem with 8.76 million staked ether worth approximately $41.59 billion. This positions Lido with a dominant market share of 61.22%, although it has experienced a slight decrease of 0.87% in the past week.
Following Lido is Binance Staked ETH, ranking second with 3.3 million ETH staked, amounting to $15.67 billion. Binance has shown strong performance recently, gaining 3.42% over the past week and an impressive 11.37% over the last month.
Rocket Pool holds the third spot, having staked 652,585 ETH, valued at $3.09 billion, despite seeing a minor decrease of 0.48% week-on-week. Coming in fourth is Liquid Collective with 365,918 ETH, which translates to about $1.74 billion, showcasing mild stability with gradual growth.
Stakewise V2 has 321,413 ETH, equivalent to $1.53 billion, although it’s seen a significant drop of 16% over the past month.
Other Notable Protocols
The mETH Protocol follows closely, with 299,990 ETH worth $1.42 billion. However, this protocol has experienced one of the steepest declines, with a notable drop of 19.21% over the previous 30 days.
Other stakeholders include Stader with 161,688 ETH valued at $768 million, and Coinbase Wrapped Staked ETH, which has demonstrated notable resilience with a gain exceeding 9% in both the past week and month, totaling $683 million across 143,321 ETH.
Frax Ether and Origin Ether are also contributing to the ecosystem, holding 93,928 ETH (approximately $446 million) and 38,143 ETH ($181 million), respectively, with the latter facing double-digit losses monthly. Notably, smaller liquidity pools like Crypto.com Liquid Staking, which holds 36,043 ETH ($172 million), have seen a slight increase of 4.72% this week. Finally, Stakestone STONE rounds out the rankings with 29,962 ETH ($142 million), having slipped by 14.52% over the last month.
Conclusion
Overall, the total staked ether now stands at 14.31 million ETH, reflecting a value of about $67.948 billion, which constitutes 11.86% of the 120,707,167 ETH circulating in the market today.
