#ETH
Lido’s Ethereum Staking Market Share Hits Historic Low — Figment Gains Ground
Lido, once the undisputed leader in Ethereum staking, has seen its market share tumble to a record low of 24.4%, according to data reported by CoinDesk via Foresight News. This marks one of the most significant shifts in the ETH staking landscape since the launch of Ethereum’s proof-of-stake network.
The Shift in Staking Power
Over the past month, Figment — a major staking infrastructure provider — has capitalized on the changing market dynamics. Data from Dune Analytics shows Figment attracting roughly 344,000 ETH in fresh stakes, pushing its total share to 4.5% of all staked Ethereum.
Lido’s Decline
Lido, which for years maintained a dominant lead, recorded the largest outflows in the market, with around 285,000 ETH withdrawn in the same period. Analysts suggest that growing competition, concerns over centralization risks, and shifting validator preferences may be contributing factors to this decline.
Why It Matters
This redistribution of staked ETH highlights a more competitive and decentralized staking environment, potentially reducing single-point risks and offering users more diverse staking options. The change could also influence governance dynamics, staking yields, and the future growth trajectory of various staking providers.