$3.2B Floods Into Ethereum Liquid Staking Within 14 Weeks - Bullish Momentum Builds

Massive capital injection signals growing institutional confidence in Ethereum's staking ecosystem.

Liquid staking protocols are soaking up billions as investors chase yield while maintaining flexibility.

The $3.2 billion surge represents one of the fastest-growing segments in decentralized finance right now.

Traditional finance still can't quite figure out why anyone would want actual yield instead of synthetic promises.

In brief

• Roughly 690,000 ETH worth $3.2 billion has flowed into liquid staking protocols in the last 14 weeks, raising total staked ETH to 14.31 million.
• Lido dominates with 61% market share (8.76M ETH), while Binance Staked ETH is gaining momentum, up 11% over the past month.
• Liquid staking now represents 11.9% of ETH’s total supply, worth nearly $68 billion, underscoring its central role in Ethereum’s DeFi ecosystem.

Lido retains dominance

Lido is still the clear market leader, securing 8.76 million Ethereum, worth $41.6 billion. Despite its massive 61.2% market share, the platform experienced a minor 0.87% dip this past week, reflecting both its sheer size and the intensifying competition from rivals.

Binance Staked ethereum is steadily chipping away at Lido’s lead, holding 3.3 million ETH ($15.7 billion). The protocol has seen a 3.4% gain over the past seven days and an 11.3% surge over the past month, marking it as one of the fastest-growing players in the liquid staking space.

Mid-tier players face mixed fortunes

Rocket Pool sits in third place with 652,585 ETH ($3.09 billion), though its market share slipped slightly by 0.48% this week. Liquid Collective follows with 365,918 ETH ($1.74 billion), maintaining modest growth. Stakewise V2 holds 321,413 ETH ($1.53 billion) but faced a sharp 16% monthly decline, reflecting challenges in sustaining momentum.

Meanwhile, mETH Protocol controls nearly 300,000 ETH ($1.42 billion) but was one of the hardest hit, tumbling more than 19% over the past 30 days. Stader, with 161,688 ETH ($768 million), remains a smaller player, while Coinbase Wrapped Staked Ethereum is gaining ground with 143,321 ETH ($683 million), climbing 9% in both weekly and monthly terms.

Smaller protocols still active

Among smaller entrants, FRAX Ether holds 93,928 ETH ($446 million), while Origin Ether is struggling with declines, dropping to 38,143 ETH ($181 million). Crypto.com’s Liquid Staking protocol has fared better, showing a 4.7% weekly increase with 36,043 ETH ($172 million).

At the bottom, Stakestone STONE maintains 29,962 ETH ($142 million) but has fallen 14.5% over the past month.

Growing share of Ethereum’s supply

In total, 14.31 million Ethereum is now locked in liquid staking, equivalent to 11.9% of the 120.7 million Ethereum currently in circulation. The total value staked stands at $67.9 billion, underscoring the sector’s pivotal role in Ethereum’s broader DeFi ecosystem.

The steady inflows highlight a structural trend: investors increasingly view liquid staking as the most efficient way to earn yield on Ethereum without sacrificing liquidity. While Lido continues to dominate, competition is intensifying as new players push for market share, suggesting liquid staking will remain one of Ethereum’s most dynamic battlegrounds in the months ahead.

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