Liquid staking derivatives (LSD) protocols have experienced a significant withdrawal of 380,000 ether, valued at around $1.17 billion, since the beginning of April 2024. This comes after a downturn in March, raising concerns about the future of these LSD platforms. The total value locked in these protocols now stands at approximately $41.5 billion, with Lido holding 71.41% of that value. Rocket Pool remains a significant player, accounting for around 8.58% of the locked ether. The ongoing exodus of ether from LSD platforms has created uncertainty regarding the future of these protocols and highlights the unpredictable nature of the DeFi market.
Latest
Liquid Staking Derivatives Lose Ground With Over 380,000 ETH Withdrawn in April
