While the price of Ethereum (ETH), the second largest cryptocurrency by market value, continues to fluctuate, ETH inflows to liquid staking platforms do not slow down.
According to data from decentralized finance tracker DeFiLlama, the amount of ETH that Ethereum holders have invested in staking pools has approached 9 million. According to today's market value, this figure is $ 16 billion.
When we compare the TVL value with the last day of April, we see a difference of 440 thousand. To simplify, we can say that liquid staking pools have grown by 5% in just 2 weeks.
Lido Retains Leadership
The DeFi tracker also instantly shares how much Ethereum is in which pool.
On-chain data revealed that staking solution Lido Finance has overwhelmingly outperformed its competitors with 6.6 million ETH. Lido is followed by Coinbase with 2.1 million ETH and Rocket Pool with 1.1 million.
While the Coinbase pool has shrunk in the last 30 days due to regulatory pressure from the USA, Rocket Pool and Frax Ether attracted attention with increases of 35-40%.
Staking pools are likely to continue to grow unless the crypto market drops too quickly.
The more Ethereum staked, the smaller the amount of ETH waiting to be sold in circulation, so the increase in the number of stakes is a factor that has a positive effect on the price.