{"id":540931,"date":"2023-07-03T20:00:16","date_gmt":"2023-07-03T20:00:16","guid":{"rendered":"https:\/\/uniquehot.com\/?p=540931"},"modified":"2023-07-03T15:47:50","modified_gmt":"2023-07-03T15:47:50","slug":"10-million-eth-inflow-pushes-defi-liquid-staking-valuation-above-20-billion","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/10-million-eth-inflow-pushes-defi-liquid-staking-valuation-above-20-billion\/","title":{"rendered":"10 million ETH Inflow Pushes DeFi Liquid Staking Valuation Above $20 Billion"},"content":{"rendered":"

According to on-chain <\/span>data<\/span><\/a> from DefiLlama, Ethereum liquid staking derivatives have grown in total value in recent months, with the total crypto locked closing in on record numbers. Liquid staking derivatives platforms now have more than 10 million ETH locked, making the total value locked (TVL) close in on $20 billion across various protocols.<\/span><\/p>\n

ETH Liquid Staking Derivatives<\/h2>\n

With Ethereum 2.0 staking now live, many ETH investors have turned to liquid staking derivatives like Lido and Rocket Pool. Liquid staking has gained massive popularity as it introduces an innovative way for ETH holders to earn a yield on their holdings while having access to funds to carry out other activities.<\/span><\/p>\n

Related Reading: Bitcoin Bulls Dominate, But Expert Warns Of Potential $20,000 Retest<\/a><\/div>\n

The top protocols are Lido, Coinbase Wrapped, and Rocket Pool, which combined have over 9 million ETH locked. Lido currently dominates the ETH liquid staking derivatives market,\u00a0 holding a market share of 74.46% and having more than 7.54 million ETH staked.\u00a0<\/span><\/p>\n

\"DeFi<\/p>\n

Lido dominates liquid staking market | Source: DeFiLlama<\/pre>\n

Taking into account the current price of ETH, this amounts to a total value locked (TVL) of $14.8 billion. Lido has also witnessed a 1.86% and a 7.06% growth over the past week and month, respectively.\u00a0<\/span><\/p>\n

Coinbase Wrapped Staked ETH has also seen an increase in investors, growing over 3.06% in the past week alone.\u00a0<\/span><\/p>\n

The Tranchess Ether protocol, on the other hand, has experienced the greatest growth over the previous month, increasing its total value locked by more than 375%.<\/span>\u00a0<\/span><\/p>\n

ETH 2.0 Total Value Staked Surpasses $46 Billion<\/h2>\n

The total amount locked in the ETH 2.0 contract has been on a steady rise since the beginning of the year. With Ethereum moving to a proof-of-stake consensus mechanism, validators have to lock their digital assets through staking to participate in the consensus process and continue adding blocks to the blockchain. This has led to the growth of \u201cliquid staking\u201d derivatives that allow holders to stake their ETH while still maintaining liquidity.<\/span><\/p>\n

Related Reading: Historical Litecoin Bearish Signal Goes Off, Correction Incoming?<\/a><\/div>\n

According to <\/span>data<\/span><\/a> from Glassnode, a blockchain data and intelligence platform, the cumulative amount currently deposited to the ETH 2.0 contract is now at an all-time high of over $45 billion.\u00a0<\/span><\/p>\n

This amounts to over 20% of the total ETH supply now being locked in the ETH 2.0 contract. The progress made so far points to a very promising future for Ethereum and its transition to Ethereum 2.0.<\/span><\/p>\n

\"Ethereum<\/p>\n

ETH maintains position above $1,960 | Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Featured image from Unsplash, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

According to on-chain data from DefiLlama, Ethereum liquid staking derivatives have grown in total value in recent months, with the total crypto locked closing in on record numbers. Liquid staking derivatives platforms now have more than 10 million ETH locked, making the total value locked (TVL) close in on $20 billion across various protocols. ETH Liquid Staking Derivatives With Ethereum 2.0 staking now live, many ETH investors have turned to liquid staking derivatives like Lido and Rocket Pool. Liquid staking has gained massive popularity as it introduces an innovative way for ETH holders to earn a yield on their holdings while having access to funds to carry out other activities. Related Reading: Bitcoin Bulls Dominate, But Expert Warns Of Potential $20,000 Retest The top protocols are Lido, Coinbase Wrapped, and Rocket Pool, which combined have over 9 million ETH locked. Lido currently dominates the ETH liquid staking derivatives market,\u00a0 holding a market share of 74.46% and having more than 7.54 million ETH staked.\u00a0 Lido dominates liquid staking market | Source: DeFiLlama Taking into account the current price of ETH, this amounts to a total value locked (TVL) of $14.8 billion. Lido has also witnessed a 1.86% and a 7.06% growth over the past week and month, respectively.\u00a0 Coinbase Wrapped Staked ETH has also seen an increase in investors, growing over 3.06% in the past week alone.\u00a0 The Tranchess Ether protocol, on the other hand, has experienced the greatest growth over the previous month, increasing its total value locked by more than 375%.\u00a0 ETH 2.0 Total Value Staked Surpasses $46 Billion The total amount locked in the ETH 2.0 contract has been on a steady rise since the beginning of the year. With Ethereum moving to a proof-of-stake consensus mechanism, validators have to lock their digital assets through staking to participate in the consensus process and continue adding blocks to the blockchain. This has led to the growth of \u201cliquid staking\u201d derivatives that allow holders to stake their ETH while still maintaining liquidity. Related Reading: Historical Litecoin Bearish Signal Goes Off, Correction Incoming? According to data from Glassnode, a blockchain data and intelligence platform, the cumulative amount currently deposited to the ETH 2.0 contract is now at an all-time high of over $45 billion.\u00a0 This amounts to over 20% of the total ETH supply now being locked in the ETH 2.0 contract. The progress made so far points to a very promising future for Ethereum and its transition to Ethereum 2.0. ETH maintains position above $1,960 | Source: ETHUSD on TradingView.com Featured image from Unsplash, chart from TradingView.com<\/p>\n","protected":false},"author":594,"featured_media":540936,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[54512,8323,85694,87609,88258,5939,84310],"class_list":["post-540931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-defi","tag-eth","tag-ethereum-staking","tag-liquid-staking","tag-lsd","tag-staking","tag-tvl"],"acf":[],"yoast_head":"\n10 million ETH Inflow Pushes DeFi Liquid Staking Valuation Above $20 Billion<\/title>\n<meta name=\"description\" content=\"According to on-chain data from DefiLlama, Ethereum liquid staking derivatives have grown in total value in recent months, with the total crypto locked\" 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"10 million ETH Inflow Pushes DeFi Liquid Staking Valuation Above $20 Billion","url":"http:\/\/uniquehot.com\/news\/ethereum\/10-million-eth-inflow-pushes-defi-liquid-staking-valuation-above-20-billion\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/10-million-eth-inflow-pushes-defi-liquid-staking-valuation-above-20-billion\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/shubham-dhage-v0VjjYYFjOg-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/shubham-dhage-v0VjjYYFjOg-unsplash-scaled.jpg?fit=2560%2C1440"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["defi","eth","ethereum staking","liquid staking","lsd","staking","tvl"],"dateCreated":"2023-07-03T20:00:16Z","datePublished":"2023-07-03T20:00:16Z","dateModified":"2023-07-03T20:00:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"10 million ETH Inflow Pushes DeFi Liquid Staking Valuation Above $20 Billion\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/10-million-eth-inflow-pushes-defi-liquid-staking-valuation-above-20-billion\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/10-million-eth-inflow-pushes-defi-liquid-staking-valuation-above-20-billion\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/shubham-dhage-v0VjjYYFjOg-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/shubham-dhage-v0VjjYYFjOg-unsplash-scaled.jpg?fit=2560%2C1440\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"defi\",\"eth\",\"ethereum staking\",\"liquid staking\",\"lsd\",\"staking\",\"tvl\"],\"dateCreated\":\"2023-07-03T20:00:16Z\",\"datePublished\":\"2023-07-03T20:00:16Z\",\"dateModified\":\"2023-07-03T20:00:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/shubham-dhage-v0VjjYYFjOg-unsplash-scaled.jpg?fit=2560%2C1440","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/540931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=540931"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/540931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/540936"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=540931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=540931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=540931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}