The latest data shows that liquid staking platforms have seen a significant increase in the amount of ether deposited over the past week. A total of 110,000 ether, with a value of $292 million, has been poured into these decentralized finance (defi) protocols. This influx of ether marks a major boost for the defi ecosystem.
One interesting point to note is that 88% of the 110,000 ETH inflow has been directed towards Binance’s Staked Ether Protocol. This suggests that Binance’s platform is gaining popularity among investors looking to stake their ether and earn passive income through staking rewards.
Liquid staking protocols have been gaining traction in the crypto space as more investors are drawn to the potential returns offered by staking their assets. By allowing users to earn rewards on their staked ether while still maintaining liquidity, these platforms provide a valuable service to the defi community.
Overall, the significant increase in ether deposits on liquid staking platforms is a positive sign for the defi industry as a whole. It shows that investors are increasingly looking to participate in the defi ecosystem and take advantage of the various opportunities it offers. As the space continues to evolve and grow, we can expect to see even more capital flowing into defi protocols in the future.
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