Lido’s leading position in the Ethereum staking market has diminished, with its share dropping to 25.02%, marking its lowest level since March 2022.
This decline, highlighted by data tracked by Dune Analytics, represents a significant shift from Lido’s previously larger market presence.
The reduction in market share signals changing dynamics within the decentralized finance (DeFi) sector, indicating possible evolving user preferences or the emergence of competitive alternatives for Ethereum staking services.