Research Summary
The report discusses the impact of Ethereum’s latest protocol upgrade on the rate of new ETH staked, which has increased from 600,000 ETH per month to over 3 million ETH per month. This has had significant economic effects on Ethereum’s sizable DeFi ecosystem. The most noticeable effect is the growth of liquid staking protocols, which currently hold the largest market share of 37% among ETH staking options. With continuous innovation and their competitors facing challenges, their market share is expected to grow.
Actionable Insights
- Investment Opportunity: The growth of liquid staking protocols presents a potential investment opportunity as these protocols are expected to increase their market share.
- Monitoring Ethereum’s DeFi Ecosystem: The significant economic effects on Ethereum’s DeFi ecosystem due to the increase in ETH staking rate should be closely monitored for further developments and opportunities.
