After the Shapella hard fork on April 12, 2023, approximately 332,368 ethers worth about $699 million were withdrawn. Despite these withdrawals, liquid staking protocols such as Lido and Rocketpool have seen an increase in ether deposits over the past 30 days; since March 14, a total of 281,498 ether (worth $592 million) has been added to these protocols.
Staked Ether TVL, Lido leads
with over 30% of Defi’s locked value.
As of April 15, 2023, there are $53.68 billion total value locked in various decentralized financial (defi) protocols (TVL). About $16.96 billion, or 31% of today’s defi TVL, is in staked ether; Lido’s TVL is about $12.74 billion, or 23.74% of defi’s locked value;ethereum (ETH)price increases. above the $2,100 per unit range, along with deposits into ETH-based liquid staking protocols, have also contributed to the rise in value of these platforms.
For example, Lido’s TVL grew 18.02% over the past 30 days, Coinbase’s liquid staking protocol rose 16.51% over the same period, Rocketpool’s TVL surged 22.48%, and Stakewise expanded 15.83%. Archived data from March 14, 2023shows 7,749,372; ETHwas locked to a liquid staking platform, but as of April 15, that number had grown to; 8,030,870 es– and in just one month, 281,498 ethers have been added.
At the same time, a total of332,368 etherhas been withdrawn from the validator queue since the Chapera hard fork integration. Pending withdrawals currently account for approximately 1.48 million ether worth of funds. Stakingannual percentage rate (APR) ETHis currently hovering around4.98%today. Beacon chain contracts currently hold 18,386,887ETHand were valued at $38.67 billion. {This is about 81% of
48} the ETHvalidator, although 18.5% have not updated their withdrawal address asNansen statisticsKraken, Binance, and Coinbase are the three companies with the highest number of withdrawals; Kraken and Coinbase presumably initiated the majority of these withdrawals due to issues with US regulators regarding liquid staking protocols.
What do you see as the future of liquid staking protocols? Will the growth of liquid staking protocols continue or will regulatory concerns and market volatility affect their popularity in the coming months? Share your thoughts in the comments section below.
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