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Based on the latest data, liquid staking platforms have experienced another uptick in deposited ether over the past week. Within this timeframe, 110,000 ether, valued at $292 million, has flowed into these decentralized finance (defi) protocols.
Binance’s Big Move: 88% of 110,000 $ETH Inflow Flowed Into Staked Ether Protocol
Liquid staking protocols continue to attract deposits, with the past seven days seeing an addition of 110,000 ethereum ($ETH) across various defi platforms. Last week, Lido held 9.81 million ether, and today, that figure has ticked up to 9.82 million—a gain of 10,000. Currently, Lido’s stash accounts for 71.67% of the market share of locked $ETH. Meanwhile, Rocket Pool saw little change over the week, maintaining its supply at 1.18 million $ETH.
Rocket Pool’s percentage increase over the past 30 days, however, stands at 1.08%. A substantial portion of the 110,000 $ETH deposited—88.27% to be precise—flowed into the Binance Staked Eth protocol. Binance’s ether holdings climbed from 912,902 to an impressive 1.01 million, with the firm’s liquid staking protocol successfully crossing the 1 million threshold.
Mantle also enjoyed an uptick, with its ether supply climbing by 18,718 $ETH, moving from 488,734 $ETH to 507,452 $ETH. Although these protocols recorded significant inflows, the overall figure was dampened by outflows from smaller liquid staking protocols.
For example, Coinbase saw a modest drop of 90 ether, but Frax’s platform experienced a sharper decline, losing 1,849 $ETH since Aug. 10. Additionally, the liquid staking protocol Stakestone recorded a reduction of about 6,106 $ETH. The recent trends in liquid staking highlight a dynamic and competitive landscape where large platforms are continuing to consolidate their positions as smaller players face challenges.