Lido’s Market Share on Ethereum Drops Under 30%, Thanks to Restaking Protocols

Coingape

Lido’s Market Share on Ethereum Drops Under 30%, Thanks to Restaking Protocols

Lido Finance, the largest staking protocol on Ethereum, with deposits of nearly 10 million ETH has been dominating a wide majority share in Ethereum’s staking market. There’s been a long-going concern regarding Lido’s domination in the staking space that could lead to the centralization of power. However, the good thing is that amid the recent rise of liquid restaking protocols on Ethereum, Lido’s market share has dropped under 30%. Lido’s Staki…