Lido Staking Market Share Plummets to Record Low

A significant shift has occurred in the Ethereum staking landscape as Lido’s market share has hit a record low of 24.4%, according to reports from Foresight News and CoinDesk. This decrease presents an opportunity for other players, particularly Figment, which has seen increased user adoption and now holds approximately 4.5% of all staked ETH, attracting over 344,000 ETH in new users over the past month alone. Lido’s own operations have also experienced a notable outflow, with around 285,000 ETH leaving their system.