110,000 Ether Pours into Liquid Staking Platforms, Boosting Defi Holdings

110,000 Ether has recently been deposited into liquid staking platforms, providing a significant boost to decentralized finance (defi) holdings. These platforms have experienced an increase in Ethereum deposits over the past week, with a total value of $292 million. Lido, one of the leading platforms, has seen its stash grow from 9.81 million ether to 9.82 million ether, representing a gain of 10,000. This accounts for 71.67% of the locked ETH market share. Rocket Pool, another prominent platform, has maintained its supply at 1.18 million ETH. However, Binance’s Staked Ether protocol has attracted the most significant inflow, with 88.27% of the 110,000 ETH being deposited into their platform. Binance’s ether holdings have reached an impressive 1.01 million, surpassing the 1 million milestone. Other platforms, such as Mantle, have also experienced increases in their ether supply. Nevertheless, smaller liquid staking protocols like Coinbase, Frax, and Stakestone have faced outflows, emphasizing the competitive nature of the landscape as larger platforms consolidate their positions.