Ethereum (ETH) will go through the Shapella update on April 12, and tokens staked on ETH will be unlocked gradually.
Cryptocurrency analyst Thor Hartvigsen, in his statement on Twitter, examined the altcoins in the field of liquid staking derivatives that mediate Ethereum staking transactions and listed what he saw as strong in his opinion.
ETH liquid staking has grown to a $15bn+ market. All of which will be unlocked with Shanghai in less than a week🔓
Be prepared for huge shifts in the market🔎
An In depth analysis on the liquid staking landscape and 6 strong protocols🧵 pic.twitter.com/9w8Z8UC80n
— Thor⚡️Hartvigsen (@ThorHartvigsen) April 6, 2023
- Rocket Pool (RPL)
Total deposited ETH: 441k ETH
First quarter statistics
– 90 thousand ETH was entered into the protocol
– Market share increased from 4.9% to 5.3%
- Frax Finance (FXS)
Total deposited ETH: 128k ETH
First quarter statistics
– 82 thousand ETH was invested in the protocol (+175%)
– Market share increased from 0.7% to 1.6%
– Revenue: $1.73 million
- LidoFinance (LDO)
Total deposited ETH: 5.95 million ETH
First quarter statistics
– Input of 1.09 million ETH staked on the protocol (+22.5%)
– Market share decreased from 74% → to 72.3%
– Fee achieved: $117 million
4. StakeWise (SWISE)
Total deposited ETH: 94k ETH
First quarter statistics
– 10k ETH stake entry to the protocol (+12%)
– Market share decreased from 1.28% to 1.18%
– Fee achieved: $1.68 million
- Stader Labs (SD)
Stader already has $120M total locked value staking on multiple chains including Polygon, Fantom and BNB Chain and will be launching ETHx soon.
“I believe all these protocols have arguments for growth in the future, especially as the ETH liquid staking market expands,” Hartvigsen said in his statement.
*Not investment advice.
