Since the Ethereum Shanghai upgrade, a very clear market preference for liquid staking tokens has emerged. Lido's stETH maintains an impressive dominance, with DeFi capital flows suggesting it has become a preferred collateral asset.
The Surge in Liquid Staking
Ethereum Staking Surge Increases Lido Market Dominance
Alice Kohn - Glassnode Insights - On-Chain Market Intelligence
The Surge in Liquid Staking
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