Ethereum Staking With Lido Finance: The Shanghai Catalyst

view original post
Ethereum coin, padlock. Ethereum security. Digital cyber safety, Blockchain technology to encode online information.

Liliya Filakhtova

It has been about four months since the successful transition from proof-of-work to proof-of-stake on the Ethereum (ETH-USD) blockchain. The much anticipated catalyst turned out to be a “sell the news” event with ETH declining roughly 15% shortly following the completion of the

Blockchain TVL in $ Staking Ratio
Ethereum $24.6b 13.8%
Binance Smart Chain (BNB-USD) $4.4b 97.2%
Tron (TRX-USD) $4.1b 45.0%
Polygon (MATIC-USD) $1.0b 39.4%
Avalanche (AVAX-USD) $797m 62.5%

Name Staked ETH TVL Market Share
Lido Finance 4,859,909 $6.52b 74.66%
Coinbase 1,025,945 $1.36b 15.76%
Rocket Pool 352,168 $472.51m 5.41%
StakeWise 82,525 $110.73m 1.27%
StakeHound 65,379 $87.72m 1.00%