Only 20% of All Staked Ethereum (stETH) is in Profit, Lido Finance Leads Staking
On-chain data shows that despite the increasing interest in Ethereum (ETH) staking, only about 20% of all ETH staked is in profit following the crypto winter of 2022. Data from Dune Analytics shows that only approximately 20% of all staked ETH were done at prices lower than current levels and are still in the money. ETH currently trades at $1,250 from an all-time high of $4,891. According to the data, most of the 20% profit was made at the $600 price level in December 2020 when the Beacon Chain was launched. When the Beacon Chain was launched, ETH traded around the $600 region, more than 50% less than its current price. Around 80% of the ETH has been staked at prices equal to or higher than $1,200. The report adds that there is 15.89 million ETH currently staked, representing 13.2% of the entire supply. Ethereum developers target March 2023 to release the staked Ether via the Shanghai Upgrade. Lido currently leads the DeFi sector in total value locked (TVL). It overtook MakerDAO’s TVL as the number of stakers on the platform grew. Lido Finance currently has $6.15 billion in TVL. According to data from Dune Analytics, Lido Finance represents 29.23% of the 15.89 million ETH currently staked on the proof-of-stake (PoS) chain. There was a rise in staked ETH in December. Ethereum staking has remained popular despite the crypto bear market. Stakers believe in the long-term investment of Ethereum. Read about the growth of Lido in: Find more info on the launch of Shanghai below:Only 20% of All Staked ETH in Profit
Lido Leads the DeFi Sector
On the Flipside
Why You Should Care
Lido Finance (LDO) Ranked First by TVL Among DeFi Protocols
Shanghai to Launch in March 2023, Ethereum Developers Agree on Features for the Upgrade
Read more: https://dailycoin.com/20-percent-staked-ethereum-steth-is-in-profit/
Text source: DailyCoin.com
