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Lido's market share in the Ethereum staking market has dropped to 24.4%, hitting an all-time low.
BlockBeats News, August 14th, according to Coindesk, Lido's market share in the Ethereum staking market has dropped to 24.4%, hitting a historic low. In the past month, Figment has added the most staked ETH, increasing by about 344,000 ETH, currently representing 4.5% of all staked ETH. Lido has seen the largest number of stakers leaving, totaling around 285,000 ETH.
With increasing competition and infrastructure tailored for institutional financing opening up new avenues for the industry, there has been a shift in the once dominant platforms, indicating that the staking ecosystem is maturing.
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