Dune data shows that Figment has added approximately 344,000 ETH to staking in the past month, increasing its market share to 4.5%, becoming the largest growing Ethereum staking institution; Lido has lost approximately 285,000 ETH, with its market share in the Ethereum staking market dropping to 24.4%, a record low. Analysis indicates that the decline in Lido's share reflects intensified competition in the Ethereum staking ecosystem and accelerated development of institutional-grade infrastructure, which helps mitigate the risks of single-provider dominance. (CoinDesk)