Ethereum (ETH ($3,082.97)) 
$2,704 has witnessed a significant drop in its staking ratio, decreasing to 27%, a level not seen since July 2024. This 2% decline from peak levels indicates a shift in market interest among participants, who may be seeking higher returns in alternative blockchain networks.
Lido Dominates Liquid Staking Derivatives
Liquid staking derivatives (LSDs) continue to play a vital role in Ethereum’s staking ecosystem. Lido maintains its leadership position with a 69% market share, followed by Binance’s staked ETH, which holds 15%. Lido’s revenue of $89 million in January aligns with its average revenue of $85 million over the past year.
While liquid staking derivatives offer flexibility to investors, they also heighten the centralization risks within the staking market. Lido’s mar...
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