Based mostly on current knowledge, over ten million ethereum is now secured inside liquid staking derivatives platforms, with a valuation near $20 billion at present change charges. Two main liquid staking decentralized finance (defi) protocols, Lido Finance, and Rocket Pool, skilled 30-day progress charges starting from 7.57% to 9.69%.
Ethereum’s Liquid Staking Derivatives Platforms Close to $20 Billion Valuation with 10 Million Ether Locked
As of July 2, 2023, greater than ten million ethereum (ETH) is locked in liquid staking defi platforms. On the time of reporting, roughly 10.11 ETH is locked, with a price of $19.456 billion utilizing at the moment’s change charges. Lido, the top-ranking liquid staking derivatives protocol, claims a exceptional 74.51% market share because it holds roughly 7,530,330 ether as of Sunday morning at 8:00 a.m. Jap Time, in line with defillama.com.
The full worth locked in Ethereum-based liquid staking derivatives platforms on July 2, 2023, in line with defillama.com.
Over the previous week, Lido’s complete worth locked (TVL) rose by 1.90%, whereas its month-to-month progress price reached 7.57%. The defi utility’s present TVL stands at $14.43 billion. In the meantime, Coinbase’s Wrapped Ether defi platform witnessed a seven-day TVL improve of three.27%, though it skilled a slight dip of 0.24% over the month. Presently, Coinbase’s liquid staking derivatives platform secures round 1,124,130 ether price $2.24 billion.
Rocket Pool, the third-largest liquid staking protocol, noticed a modest seven-day progress of roughly 0.99%. Nonetheless, its 30-day efficiency revealed a extra substantial improve of 9.69%. On Sunday morning, Rocket Pool’s holdings amounted to round 803,406 ether valued at $1.54 billion. In distinction, the Frax Ether defi utility reported a 1.96% weekly rise and a month-to-month progress of solely 0.81%, with management over 234,062 ETH. Lastly, Stakewise, the fifth-largest liquid staking derivatives platform, noticed a marginal 0.31% uptick over the previous week and a June improve of 1.10%.
Among the many 10.11 million staked ether, a complete of twenty-two liquid staking derivatives platforms exist. The highest 5 liquid staking derivatives tokens have an ETH-peg value discrepancy ranging between 0.08% and 0.53%, as recorded on Sunday morning. With Lido’s spectacular liquid staking cache, its token Lido staked ether (STETH) now ranks because the seventh largest market cap within the trade at the moment.
