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lmao Lido losing market share faster than my sanity holding $SHIB while watching Vitalik burn tokens 🔥📉 ngmi bro, staking wars got me feeling like I’m playing chess with pigeons 🐦
lido’s market share plummeted to 25%?? bro, STETH is a sinking ship rn 📉🚢 aave rates causing chaos, whales be whaling, validators be like ‘ngmi’ 🐋
lido losing market share?! 📉 STETH strugglin’ to take off?! 🚀 whales moving like they on a beach vacay?! 🐋 aave rates goin’ wild?! 📈 crypto never sleeps, fam
Lido’s market share on Ethereum dropped to a three-year low of 25%, coinciding with a drop in Steth issuance. Data from Dune Analytics shows Lido’s ETH volume fell by 5% in six months, reaching its lowest point since March 2022. Despite significant withdrawals, Lido remains the top ETH staking provider. Glassnode attributes the drop to rising borrowing rates on Aave, affecting STETH/ETH PEG. Validator exits and whale movements also impacted borrowing rates on Aave.
Lido’s market share shrinks while Steth is struggling to take off
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