Lido’s Ethereum Staking Share Plummets as Competition Intensifies

The Ethereum staking landscape is evolving as Lido, once a dominant player, experiences a significant decline in market share. Currently at just 24.4% – down from a high of 32.3% in 2023 – Lido faces increased competition from new players and institutional-grade infrastructure providers. This shift comes amid warnings that a single provider holding over 33% of the total stake could disrupt consensus on the Ethereum network.