Kryptodata

  • Market Cap: $2,720,869,152,342.18
  • 24h Vol: $91,452,401,409.53
  • BTC Dominance: 49.66%
CoinGecko reports that the Ethereum LSDFi sector has experienced a remarkable 60-fold growth since January during the post-Shapella surge.

CoinGecko reports that the Ethereum LSDFi sector has experienced a remarkable 60-fold growth since January during the post-Shapella surge.

– The LSDFi sector’s total value locked has grown by 5,870% since January as ETH holders opt to stake rather than liquidate.

– LSD protocols accounted for 43.7% of the total 26.4 million ETH staked by August 2023, with Lido being the largest player in the market.

– ETH holders prefer to re-stake for better yield opportunities rather than liquidate their assets after withdrawing.

– The LSDFi sector has seen significant growth, with the total value locked across the top 10 protocols (excluding Lido) surging to over $900 million this year.

– TVL in LSDFi protocols has grown by 5,870% since January 2023, while the total decentralized finance TVL has contracted by around 8%.

– The average yield for LSD protocols since January 2022 has been 4.4%, but it is expected to decline as more ETH is staked.

– Diva, an LSDFi platform, has gained attention for its “vampire attack” on Lido, attracting users and liquidity with higher incentives.

– Diva’s TVL has surged 650% since the beginning of October, reaching 15,386 stETH valued at around $24 million.

– This growth in the LSDFi sector highlights the increasing popularity of staking and the desire for better yield opportunities among ETH holders.

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