Lido’s share of the ETH staking market now sits at 29% The APR offered witnessed a decline as well. Lido Finance [Lido] commenced the 2023 trading year with a slight decline in its market share in the ETH staking ecosystem. The leading liquid Ethereum [ETH] staking platform’s performance was highlighted by Dune Analytics. Read Lido Finance’s […]
With continued growth in the number of options available to market players to stake their Ether, Lido’s position as a leader remains continually threatened. According to Dune Analytics, after Lido’s share of total ETH staked touched 30%, it held on to the figure between September and early December.
The increased preference to stake ETH on exchanges was also a contributory factor to the gradual decline in Lido’s hold on the market.Furthermore, the Annual percentage rate earned for staking via Lido clinched its lowest point since November at press time. At the time of writing, Lido offered an APR of 4.30%.
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