As of Feb. 7, 2023, the value locked in 11 Ethereum based liquid staking protocols has risen above $11 billion.
As of Feb. 7, 2023, the value locked in 11 Ethereum-based liquid staking protocols has risen above $11 billion, with Lido, Coinbase, and Rocket Pool recording 4-10% gains over the past month. Lido holds more than 73% of the total value locked out of the 6.87 million ether held by the 11 liquid staking platforms. More than 15% of the liquid staking TVL is being staked with Coinbase’s wrapped ether.
The staked ether is held within various protocols, and the platforms handle the exchange for minting and redemption processes. Out of the 41%, which is valued at more than $11 billion, Lido holds 73% of the total value locked . Lido’s TVL saw a 4.27% increase last month, and its value locked is around $8.18 billion today.Coinbase’s wrapped ether has 1,081,304 ethereum locked into the platform and the TVL has gained 5.74% last month. The Coinbase wrapped ether platform TVL is 15.
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