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ETH Staking Surges, Could Liquid Staking Derivatives See an Upside

Interest in Ethereum staking has surged as the Shanghai Upgrade approaches, with 15% of all Ethereum supply now being staked, according to Lido. This interest has positively impacted the Liquid Staking Derivative (LSD) space, with protocols such as Lido, Frax Finance, and Rocket Pool benefitting. Lido dominates the space, with 31.4% of all staked ETH deposited through the protocol. Other protocols, such as Frax Finance and Rocket Pool, also stand to benefit from the attention on LSDs. Each protocol's token, LDO, RPL, and FRAX, has seen a rise in interest, with their market caps increasing over the last few days. (ambcrypto)

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