The Ethereum network ETF staking rate has been continuously declining since mid-November 2024
ChainCatcher news, according to data from The Block, the current ETH staking ratio has dropped to 27%, reverting to the level of July 2024. This marks the first trend decline since reaching a peak of 29% at the end of 2024, and it is also the first decline since staking became popular in May 2023. Liquid staking derivatives (LSD) continue to dominate the Ethereum staking ecosystem. Lido remains the leading liquid staking protocol, controlling about 69% of the LSD market. Binance's staked ETH ranks second, with a market share of approximately 15%, indicating a high concentration among major providers.
While Ethereum continues to serve as a key infrastructure for DeFi and NFTs, recent market attention has shifted to other protocols and ecosystems. This trend may reflect investors seeking higher returns in other ecosystems and protocols, or reducing staking positions to participate in other market opportunities.