🚨 LIQUID STAKING IS QUIETLY EXPANDING
Something interesting is happening under the surface of DeFi.
Liquid staking has reached $61.3B in TVL, up:
📈 +18.6% in 7 days
📈 +21.7% in 30 days
But here's the interesting part 👇
ETH gained ~9.9% over 30D, while SOL gained ~25.2%.
Even after accounting for those price increases, liquid-staking TVL grew significantly more than a simple “price effect” would explain.
💰 What does that mean?
It suggests the sector isn't growing ONLY because ETH/SOL became more valuable.
More capital appears to be entering staking protocols.
And this isn't just one protocol:
🔹 Lido: $26.4B TVL
🔹 Binance Staked ETH: $10.0B
🔹 ether.fi: $5.2B
🔹 Solana LSTs are also accelerating
🔹 Sanctum: +33.5% 30D
🔹 Jito: +29.2% 30D
There's another interesting signal:
While liquid staking expanded +21.7%, RWA TVL was roughly flat/down ~3% over the same period.
So this isn't simply “everything in DeFi is going up.”
⚠️ BUT DON'T IGNORE THE RISKS
• Lido represents a huge portion of the sector → concentration risk
• ETH/SOL falling would mechanically reduce TVL
• JTO has a notable token unlock coming
• Solana LST growth is partly influenced by SOL's own price rally
🧠 DWARIX TAKE
The important story isn't simply "$61B TVL."
It's the gap between price-driven growth and actual TVL growth.
Liquid staking is showing signs of increasing capital participation across multiple protocols.
That's a trend worth watching. 👀
DYOR. Not financial advice.
📊 Data: DeFiLlama
📅 As of September 25, 2026
$ETH
$SOL
Something interesting is happening under the surface of DeFi.
Liquid staking has reached $61.3B in TVL, up:
📈 +18.6% in 7 days
📈 +21.7% in 30 days
But here's the interesting part 👇
ETH gained ~9.9% over 30D, while SOL gained ~25.2%.
Even after accounting for those price increases, liquid-staking TVL grew significantly more than a simple “price effect” would explain.
💰 What does that mean?
It suggests the sector isn't growing ONLY because ETH/SOL became more valuable.
More capital appears to be entering staking protocols.
And this isn't just one protocol:
🔹 Lido: $26.4B TVL
🔹 Binance Staked ETH: $10.0B
🔹 ether.fi: $5.2B
🔹 Solana LSTs are also accelerating
🔹 Sanctum: +33.5% 30D
🔹 Jito: +29.2% 30D
There's another interesting signal:
While liquid staking expanded +21.7%, RWA TVL was roughly flat/down ~3% over the same period.
So this isn't simply “everything in DeFi is going up.”
⚠️ BUT DON'T IGNORE THE RISKS
• Lido represents a huge portion of the sector → concentration risk
• ETH/SOL falling would mechanically reduce TVL
• JTO has a notable token unlock coming
• Solana LST growth is partly influenced by SOL's own price rally
🧠 DWARIX TAKE
The important story isn't simply "$61B TVL."
It's the gap between price-driven growth and actual TVL growth.
Liquid staking is showing signs of increasing capital participation across multiple protocols.
That's a trend worth watching. 👀
DYOR. Not financial advice.
📊 Data: DeFiLlama
📅 As of September 25, 2026
$ETH
$SOL
