🚀 Ethereum liquid staking derivatives finance (LSDFi) is booming, with a 58.7x growth since January! Ether (ETH) holders are opting to stake rather than liquidate, even after the Shapella upgrade enabled withdrawals.
- Lido dominates the staked market with a 43.7% share of 26.4 million ETH staked by August 2023.
- CoinGecko reports that the exit queue remained at zero for 55% of the time since withdrawals were enabled.
- Total value locked in LSDFi protocols skyrocketed 5,870% since January, reaching over $900 million.
- Meanwhile, Diva is performing a "vampire attack" on Lido, luring users with higher incentives and boosting its TVL by 650% to 15,386 stETH ($24 million) since October.
Stake, don't break! 💪