Final month, the quantity of ether locked in liquid staking platforms surpassed 14 million, however over the previous 33 days, it dipped by 230,000 ether to 13.85 million.
Rocket Pool Hit Onerous: Large Outflows Spotlight Liquid Staking Shakeup
Liquid staking, a popular decentralized finance (defi) technique, has protocols holding the most important complete worth in defi at this time. On Oct. 28, 2024—33 days in the past—liquid staking ether protocols collectively held 14.08 million ETH. That determine has since fallen to 13.85 million, marking an outflow of 230,000 ETH, valued at $844 million at present charges.
At present, the mixed worth of ether locked in these platforms is $49.837 billion. Of this, Lido holds a commanding 9.8 million ETH, representing $35.216 billion. Lido’s holdings grew modestly over the previous 33 days, up from 9.75 million ETH. Binance’s liquid staking platform now controls 1.72 million ETH, price $6.18 billion, reflecting a rise from 1.52 million ETH throughout the identical interval. Nevertheless, Rocket Pool confronted a major decline in holdings.
Whereas Binance gained 200,000 ETH, Rocket Pool noticed a large outflow of 479,374 ETH, leaving it with 750,626 ether at this time. Information reveals that of the 13.85 million ETH managed by 31 totally different liquid staking protocols, the highest three—Lido, Binance, and Rocket Pool—account for 12,270,626 ether, or 88.62% of the full.
Beneath these three leaders, round seven platforms maintain between 109,797 to 475,380 ether every, whereas six others handle lower than 167,000 ether. These latest shifts illustrate the aggressive nature of liquid staking, as dominance stays concentrated amongst a number of main gamers. Binance and Lido benefited from inflows, whereas Rocket Pool’s outflows spotlight the nuanced belief and participation dynamics within the defi area.
