Lido Market Share Dips Below 25 Percent of All Staked Ether
The dominant liquid staking protocol has ceded ground to smaller competitors and to solo stakers over the past year.
Lido's share of all staked Ether has fallen below the 25 percent threshold that the community has long treated as a soft ceiling for a single staking pool. Data from Dune and Rated Network shows the protocol's share drifting lower over successive months.
The shift reflects a combination of factors, including the growth of competing liquid staking protocols such as Rocket Pool, ether.fi and Stader, the rise of institutional staking-as-a-service providers, and a steady increase in the number of solo validators.
Ethereum researchers have argued that the trend is healthy from a decentralisation perspective, though some point out that concentration of restaked capital and operator sets on newer protocols may reintroduce similar risks under a different name.
