• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Staked Ether has surged to a value of $20 billion, with Lido taking the lead, according to IntoTheBlock

Staked Ether has surged to a value of $20 billion, with Lido taking the lead, according to IntoTheBlock

user avatar

by Max Nevskyi

a year ago


In its most recent analysis, the data analytics platform IntoTheBlock observed that the liquid staking market within the Ethereum ecosystem is continuously expanding, with the addition of new participants and a rapidly growing user base.

The report emphasized that the market for liquid staking tokens (LST) has evolved into a significant component of the cryptocurrency market. As of November 2023, IntoTheBlock reported that approximately $20 billion is currently being staked through Ethereum LSTs.

According to the report, Lido's stETH token remains the dominant liquid token, despite facing increased competition in the space. The report highlighted the Ethereum Shapella upgrade, which introduced staking withdrawals in April 2023, as a catalyst for the competitive growth in the liquid staking sector.

Prior to the upgrade, IntoTheBlock noted that Lido held more than 90% of the market share for liquid staking tokens. However, since then, new players have captured about 15% of the market share, driven by growing investor confidence in the market.

The report revealed that an astonishing $18.3 billion is staked through Lido's stETH token, making it the leader in terms of total value staked. Additionally, the protocol boasts the highest number of token holders in the market, with an impressive 238.6k unique addresses holding the token.

In a similar vein, IntoTheBlock highlighted the growth of Rocket Pool's rETH token within the LST protocol. The analysis indicated that rETH is the second-largest LST token in the market, thanks to its strong commitment to decentralization.

Furthermore, the report noted a significant increase in the user base of ankrETH. Notably, ankrETH, which ranks second in terms of the number of holders, now has over 14.9k holders. However, the report acknowledged that there still exists a substantial gap between the two leading tokens.

Meanwhile, the report pointed out the concentration of large whale holders within the LDO token, which serves as Lido's governance token. Specifically, Lido's whale concentration has decreased by more than 10% over the past year. Currently, 56.4% of the tokens staked on the platform are under the control of whale investors.

0

Share

Other news

Why Public Companies Are Buying More Bitcoin

Public companies purchased 91,781 BTC in Q1 2025, despite a price drop.

user avatarGiorgi Kostiuk

a few seconds ago

GameStop and Tether Allocate Billions to Bitcoin: A New Trend in Corporate Investments?

GameStop and Tether invest billions in Bitcoin, raising questions about changes in corporate financial strategies.

user avatarGiorgi Kostiuk

8 minutes ago

XRP Price Analysis: Consolidation and Future Opportunities

XRP holds above key supports yet under pressure. We analyze current levels and growth opportunities.

user avatarGiorgi Kostiuk

8 minutes ago

MAGACOINFINANCE Gains Attention in the Realm of Early Crypto Investments

In 2025, MAGACOINFINANCE stands out among early crypto opportunities, offering potential for significant results.

user avatarGiorgi Kostiuk

10 minutes ago

Dawgz AI: A New Era in Crypto Presales with AI and Meme Culture

Dawgz AI on Ethereum promises growth with AI tech and active communities.

user avatarGiorgi Kostiuk

11 minutes ago

Bitcoin Treasury Bonds: How the New Tool Can Save the Economy

Exploring Bitcoin bond concept and its potential economic impact amid inflation and tariff politics.

user avatarGiorgi Kostiuk

11 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.