- Lido Finance dominates cryptocurrency industry with over 28% market share.
- Coinbase and Stakefish secure second and third positions in staking services.
- Lido DAO (LDO) experiences a decline of 1.98% in price.
According to the market intelligence platform IntoTheBlock, Lido Finance continues to dominate the cryptocurrency industry as the leading staking service, capturing over 28% of the overall market share. In a recent announcement on Twitter, IntoTheBlock introduced their latest indicator, the Ethereum Staking Market Share, which provides insights into the distribution of staking across various services.
According to the staking market share indicator, Coinbase and Stakefish have secured second and third positions as the largest staking services, boasting market shares of 7.72% and 5.69%, respectively. Kraken, Binance, and Figment also emerged as prominent players in the staking landscape, rounding up the top 5 staking services.
Kraken commands a dominant staking market share of 5.33%, closely followed by Binance and Figment, with respective shares of 5.22% and 3.83%. Trailing behind are Rocketpool, capturing a market share of 2.91%, and Staked.us, securing a modest market share of 2.42%.
According to the data provided by IntoTheBlock, the staking market share categorized as “others” accounts for 10.22%. Approximately 28.41% of the staking market share is undisclosed or unidentified.
CoinMarketCap, the renowned market tracking platform, has reported a decline in the value of Lido DAO (LDO) and several other cryptocurrencies within the last 24 hours of trading. As of the latest update, LDO is currently valued at $1.85, reflecting a decrease of 1.98% in its price.
LDO exhibited a slight proximity to its daily low of $1.82 compared to its 24-hour high of $1.89. Furthermore, over the previous day, LDO experienced a decline in trading volume by over 18%, resulting in the altcoin’s volume settling at $56,043,038.
The recent price fluctuation of the cryptocurrency also hurt its weekly performance, with LDO experiencing a decline of over 5% in the past seven days. LDO’s market capitalization currently stands at [insert specific value].
With a market capitalization of $1,626,027,549, this cryptocurrency has successfully secured its position as the 34th largest digital asset.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
