Ethereum Staking Shifts as Lido’s Share Plummets

Lido’s share of Ethereum staking has experienced a significant decline, dropping to 24.4% from a peak of 32.3% in late 2023. This decrease signals a major shift in the landscape of ETH staking as competition intensifies. Rival platforms like Figment are capitalizing on this trend by attracting more staked Ethereum (ETH), driven by factors such as decentralization, improved rewards, and innovative features. While Lido remains influential, this market dynamism reflects the maturation of the liquid staking sector.