Lido’s Ethereum staking market share dips below 30%

WikiBit 2024-04-05 03:28

Other prominent entities contributing to the ETH staking ecosystem are crypto exchanges Coinbase (14.04%) and Binance (3.75%) and Ethereum staking

　　Other prominent entities contributing to the ETH staking ecosystem are crypto exchanges Coinbase (14.04%) and Binance (3.75%) and Ethereum staking platform Kiln (3.5%).

　　The recent influx of Ether (ETH) stakers brought the market share of liquid staking solution Lido down to 29.57% from 32% in December 2023, helping reduce concerns around Lidos growing influence on the ecosystem.

　　Lido‘s popularity in ETH staking, coupled with the lack of competition in the space, allowed the platform to earn the lion’s share of the ETH staking market.

　　The community feared that any entity representing over 33% of the market could influence various aspects of the Ethereum blockchain.

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