Liquid staking tokens rally by 15% as Ethereum Shapella upgrade draws near

Liquid staking tokens rally by 15% as Ethereum Shapella upgrade draws near
фото показано с : cryptoslate.com

2023-3-29 17:30

Liquid staking is the best-performing crypto sector in the last 24 hours after rallying by more than 15%, according to CryptoSlate data.

According to the data, all seven projects in the space soared by more than 5%, with two of them — Lido (LDO) and Frax Share (FXS) — among the top five gainers for March 29.

Source: CryptoSlate

Liquid staking derivatives (LSD) platforms have enjoyed renewed interest following news that the highly anticipated Shapella network upgrade — enabling staked Ethereum withdrawals — will activate on April 12 at epoch 194048, according to an Ethereum Foundation statement.

Frax Share leads peers

According to CryptoSlate data, Frax Share’s FXS is the best-performing liquid staking derivatives token over the reporting period — up 19.63%.

FXS is the governance token of Frax Protocol and has seen its price increase significantly after launching a liquidity staking program late last year.

Source: DeFillama

The total value of assets locked (TVL) in Frax Ethereum (frxETH) surged 31.49% in the past 30 days to an all-time high of $231 million — equating to 131,970 ETH tokens, according to DeFillama data.

In  February, Blockchain analytical firm Nansen reported that frxETH’s supply grew by 70,000 ETH within three months.

Lido remains dominant LSD

Meanwhile, Lido remains the dominant staking platform in the crypto industry. Its LDO token increased by 15.57% in the past 24 hours to $2.43 at the time of writing.

Despite Lido developer’s decision to sunset its staking services for Polkadot and Kusama, the protocol’s TVL rose 6.51% to $10.89 billion.

Source: DeFillama

According to Dune Analytics data, the protocol accounts for roughly 32% of all staked ETH — translating to around 5.8 million tokens.

Besides that, it is also the most dominant decentralized finance protocol — with a 21.8% market dominance, according to DeFillama data.

Meanwhile, other staking protocols like Rocket Pool (RPL), StakeWise (SWISE), ANKR, and Stafi (FIS) all recorded positive gains in the last 24 hours. Overall, the market cap of the crypto tokens in this sector sits at $3.98 billion as of press time.

In the last 24 hours, DeFillama data shows that the top 10 liquid staking protocols — except Marinade Finance — saw their TVL rise by an average of 5%.

The post Liquid staking tokens rally by 15% as Ethereum Shapella upgrade draws near appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Liquid (LQD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 LQD

liquid staking draws cryptoslate upgrade near rally

liquid staking → Результатов: 126


Liquid Staking Tokenized Finance (LSTfi): Revolutionizing DeFi with Liquid Staking and Enhanced Yields

Since day one, the Decentralized Finance (DeFi) world has continuously evolved, and new solutions constantly emerge to tackle liquidity obstacles and open fresh avenues for maximizing returns. Among the latest trends that have emerged are Liquid Staking Tokens (LSTs) and Liquid Staking Tokenized Finance (LSTfi).

2024-4-2 22:30


Binance Labs инвестировала в инфраструктурный проект Ankr

Провайдер Web3-инфраструктуры Ankr привлек стратегические инвестиции от венчурного подразделения биткоин-биржи Binance. Об этом ForkLog сообщили представители проекта. Ankr направит средства на совершенствование RPC-сервиса и на разработку стека инструментов разработчика, включая Liquid Staking SDK, Web3 Gaming SDK и App Chains As Service.

2022-8-11 17:00


CoinShares: Ситуация с stETH не похожа на случай с Terra

Отвязка «стейкингового эфира» в Lido Finance отличается от ситуации с утратой Terra USD паритета с долларом США. К таким выводам пришли аналитики CoinShares. Is the decoupling of Lido staked ETH another stablecoin collapse? Our analyst @marcarjoon explores the risks and rewards of the liquid staking service and why no silver bullet solution has yet been offered. Click here […]

2022-6-21 20:58


Аналитики призвали не сравнивать дисконт stETH и крах Terra

Отвязка «стейкингового эфира» в Lido Finance отличается от ситуации с утратой Terra USD паритета с долларом США. К таким выводам пришли аналитики CoinShares. Is the decoupling of Lido staked ETH another stablecoin collapse? Our analyst @marcarjoon explores the risks and rewards of the liquid staking service and why no silver bullet solution has yet been offered.

2022-6-21 16:18