The recent influx of Ethereum stakers has caused Lido’s market share of liquid staking solutions to drop to 29.57% from 32% in December 2023, alleviating concerns about Lido’s growing influence on the cryptocurrency market. ecosystem
Lido’s popularity in staking Ether It has held its share for a long time due to the lack of competition in the area. This allows the platform to gain a high share of the market.
At the time, the community feared that Lido, which represents more than 33% of the market, could influence various aspects of the Ethereum network.
But most recently on April 4thinformationAs the Dune analytics platform shows, Lido’s market share for staking ETH drops below 30%
Other notable projects participating in the ETH staking ecosystem are Coinbase (14.04%) and Binance (3.75%), and the Kiln platform (3.5%).
However, the second largest entity staking ETH is designated as “unidentified” currently represents 16.9% of the market
Vitalik Buterin, co-founder of Ethereum, has previously stated that staking pools should not be controlled more than 15% and should be chosen. “Continue to increase rates until rates return below 15%.”
refer : cointelegraph.com
picture theblock.co
The post Lido market share drops to 29.57% from 32% in December 2023 as more competitors enter appeared first on Bitcoin Addict.