Ethereum

Aave

Token

<p style="text-align: justify"><a href="https://en.coin-turk.com/crypto-market-recovers-bitcoin-soars-and-altcoins-choose-directions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum</a> (ETH) staking began in December 2020, offering investors the opportunity to lock their tokens and earn passive income. Similar to other cryptocurrencies, the rising graph of the crypto market, where ETH has reached all-time highs on a daily basis, has increased interest in Ethereum.</p> 
<h2 id="staking-data-for-eth">Staking Data for ETH!</h2> 
<p style="text-align: justify">Despite the challenges faced by the crypto markets after the crypto winter in 2022, the demand for staking has not changed. According to data from Token Terminal, the total amount of ETH staked through liquid staking platforms has gradually increased since the beginning of 2023.</p> 
<p style="text-align: justify">The excitement surrounding the eagerly awaited Shapella upgrade and its release in 2023 has played a major role in maintaining interest in staking. Additionally, the addition of withdrawal feature has made staking more secure.</p> 
<p style="text-align: justify">Liquid staking protocols have expanded their dominance after Shapella, leaving behind other staking options such as centralized exchanges (CEX) and staking pools. According to Dune data, liquid staking, which was a non-existent category in December 2020, accounted for 36% of the total staking market share at the time of publication.</p> 
<p><img decoding="async" class="aligncenter size-full wp-image-239488" src="https://coin-turk.com/wp-content/uploads/2023/07/stakinh.jpg" alt="" width="2000" height="1134"></p> 
<h2 id="increase-in-staking">Increase in Staking!</h2> 
<p style="text-align: justify">According to <a href="https://en.coin-turk.com/bloodshed-continues-in-defi-protocols-this-defi-protocol-also-attacked-funds-lost/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DeFi</a>Llama, liquid staking surpassed decentralized exchanges (<a href="https://en.coin-turk.com/former-ftx-executive-constance-wang-joins-sino-global-as-the-company-prepares-to-reopen/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DEX</a>) and lending protocols, with a 144% increase in total locked value (TVL) in liquid staking protocols, reaching $21.6 billion at the time of writing.</p> 
<p style="text-align: justify">Furthermore, the largest DeFi protocol in history, Lido Finance (LDO), achieved a TVL of $14.76 billion at the time of writing. Lido’s TVL being more than twice that of the next protocol on the list, Aave (AAVE), is evidence of Lido’s superiority. As a result, the amount of ETH staked through liquid staking protocols has gradually increased since the beginning of 2023. Additionally, liquid staking accounted for 36% of the total ETH staking market share.</p> 
<h5>The post <a href="https://en.coin-turk.com/attention-this-metric-in-ethereum-eth-has-been-rising-since-the-start-of-the-year/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Attention! This Metric in Ethereum (ETH) Has Been Rising Since the Start of the Year!</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS.</a></h5>

Attention! This Metric in Ethereum (ETH) Has Been Rising Since the Start of the Year!

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