In less than two weeks, 441,100 Ethereum (ETH) has been added to liquid staking derivatives.
In recent days, incredible increases have been observed in liquid staking derivatives. Total value locked (TVL) in liquid staking derivatives increased by 441,100 ETH to approximately $793 million. Lido Finance dominates 74.35 percent of the TVL market, while its rival liquid staking protocols Rocket Pool and Frax Ether have gained 34 percent to 42 percent in the last month.
Number of Locked Ethereum (ETH) Approaches to 9 Million
Staking protocols continue to grow with ETH. In line with current data, the total locked value in liquid staking derivatives (LDS) amounts to 8,872,715 ETH. This is equivalent to $16.101 billion. Liquid staking protocols, which have achieved huge increases since April 30, have attracted attention not only in the crypto industry, but also in other financial markets.
In addition, the impressive 5.23 percent increase in ETH staking in the last 12 affected many data. The crypto investor, who has been paying more attention to liquid staking derivatives in the recent period, continues to attract users from outside.
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