Lido’s Ethereum Staking Market Share Hits Lowest Point Since March 2022 at 25.02%

On July 24, data from Dune Analytics revealed that Lido’s market share in the Ethereum staking sector declined to 25.02%, marking its lowest point since March 2022. This shift highlights evolving dynamics within the staking ecosystem, as investors diversify their staking strategies amid changing network conditions. The contraction in Lido’s dominance underscores increased competition and potential shifts in user preferences within the decentralized finance (DeFi) landscape. Market participants should monitor these trends closely, as they may influence staking yields and liquidity distribution across Ethereum-based protocols.