On April 12, 2023, Ethereum’s Shapella upgrade allowed stakeholders to withdraw for the first time. Over 400,000 ether, worth $763 million, has been added to 17 liquid staking protocols since then. The top 10 protocols are Lido Finance, Coinbase’s Wrapped Staked Ether, Rocket Pool, Frax, Stakewise, Stakehound, Ankr, Ether.fi, and Bitfrost, with Lido leading the market. Liquid staking methods have grown in popularity in recent months, with 400,000 Ether added to the liquid staking TVL within two weeks of the Shapella upgrade. Coinbase’s liquid staking platform lost money, while Rocket Pool increased its total value locked (TVL) by 29.24%. Binance, the tenth largest platform under Bitfrost, has released a new liquid staking product.
Ethereum’s Liquid Staking Protocols Attract 400,000 Ether After Shapella Upgrade
