Ethereum Staking Rate Plummets to July 2024 Levels

Generated by AI AgentCoin World
Thursday, Feb 13, 2025 7:12 pm ET1min read

The Ethereum Network ETF Staking Rate has been declining since mid-November 2024, according to recent data. The current ETH staking ratio has dropped to 27%, falling to the level of July 2024. This is the first significant downward trend since reaching a peak of 29% at the end of 2024, and the first decline since staking became popular in May 2023.

Liquidity Staking Derivatives (LSD) continue to dominate the Ethereum staking ecosystem. Lido remains the leading liquidity staking protocol, controlling around 69% of the LSD market. Binance's staked ETH ranks second, with a market share of about 15%, indicating high concentration among major providers.

While Ethereum continues to serve as a key infrastructure for DeFi and NFTs, recent market attention has shifted to other protocols and ecosystems. This trend may reflect investors seeking higher returns in other ecosystems and protocols or reducing staking positions to participate in other market opportunities.

Comments



Add a public comment...
No comments

No comments yet