The percentage of staked ETH has decreased to 27%, down from a peak of 29% in late 2024, the first decline since staking popularity surged in May 2023.
Lido controls 69% of the liquid staking derivatives market, with Binance’s staked ETH at 15%. This concentration raises concerns about decentralization in the Ethereum ecosystem.
Investors may be shifting towards protocols offering higher returns, contributing to lower staking rates and indicating a more cautious approach as the staking market matures.
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