One 12 months in the past, HashKey Capital forecast that ether liquid-staking derivatives would double from their August 2023 complete worth locked to $44 billion by August 2025. Midway via, it seems like issues are on monitor. The TVL of Ether LSDs hit $36.25 billion, with Lido claiming a 70% market share, in response to knowledge from DeFiLlama. Regardless of comparatively stagnant ETH costs lately, demand for staking continues to rise, with the validator entry queue surging to an all-time excessive of round 7,400, HashKey Capital analysts wrote in a word to CoinDesk. “Nevertheless, annualized staking yields have remained at round 3.5% for the previous 4 months. This creates a scenario the place extra validators need to be a part of however rewards are usually not growing considerably.”
