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Cryptocurrency News Articles
Liquid Staking Platforms See Another Uptick in Deposited Ether Over the Past Week
Aug 19, 2024 at 08:30 am
Based on the latest data, liquid staking platforms have experienced another uptick in deposited ether over the past week. Within this timeframe, 110
DeFi Pulse and Footprint Analytics show that 110,000 ether, valued at $292 million, flowed into liquid staking protocols over the past seven days.
Of the 110,000 ETH deposited, 88.27% went into the Binance Staked Eth protocol, increasing its total ether holdings from 912,902 to 1.01 million.
Binance’s liquid staking protocol crossed the 1 million threshold for the first time during this period.
Lido’s ether stash grew by 10,000 over the past week, bringing its total to 9.82 million, while Rocket Pool’s holdings remained largely unchanged at 1.18 million.
Over the past 30 days, Rocket Pool’s percentage increase was 1.08%.
Smaller liquid staking protocols, such as Coinbase, Frax, and Stakestone, experienced ether outflows, with Frax losing the most at 1,849 ETH.
The total ether locked in liquid staking protocols stood at 13.64 million on Aug. 17, according to Footprint Analytics.
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