💹 DeFi Protocols See a Surge as 110,000 ETH Flows into Liquid Staking Platforms 🌐

Liquid staking protocols continue to attract significant deposits, with the past seven days witnessing an additional 110,000 ETH, valued at $292 million, flowing into various DeFi platforms.

Last week, Lido held 9.81 million Ether, and today that number has risen to 9.82 million, a gain of 10,000 ETH. Currently, Lido’s reserves account for 71.67% of the locked ETH market share.

Meanwhile, Rocket Pool saw minimal change over the week, with a total staked ETH of 1.18 million.

A substantial portion of the 110,000 ETH deposited – specifically 88.27% – flowed into Binance Staked Eth protocol. Binance’s Ether holdings surged from 912,902 to an impressive 1.01 million.