According to Foresight News, data from DefiLlama reveals that the Ethereum liquidity staking protocol Rocket Pool's rETH has surpassed 1 million in staking, ranking second only to Lido with 9.1 million staked. This achievement secures an 8.91% market share for Rocket Pool's rETH.
Rocket Pool is a decentralized Ethereum staking protocol that allows users to stake their Ether (ETH) and earn rewards. The rETH token represents a user's staked ETH and the rewards they have earned. As the amount of rETH staked increases, it indicates growing interest and adoption of the Rocket Pool platform.
The success of rETH in securing a significant market share demonstrates the increasing popularity of decentralized finance (DeFi) solutions and the potential for further growth in the Ethereum ecosystem.