ETH Staking Sees Growth, CEXs Dominate Withdrawals,

ETH Staking Sees Growth cryptocurrency market news

Since the Shanghai upgrade, the amount of ETH deposited on the Ethereum Beacon Chain has exceeded withdrawals, resulting in a positive net flow of 32,000 ETH. Staked ETH now makes up roughly 15% of ETH supply. Centralized exchanges like Kraken, Binance, and Coinbase dominate staked Ethereum withdrawals, accounting for over 50% of withdrawals. Liquid staking protocols have seen significant growth, with the total value of assets locked (TVL) on them reaching $16.40 billion, making it the largest DeFi category. Lido remains the dominant player in the space with a TVL of $12.23 billion.