The amount of Ether staked through liquid staking providers Rocket Pool and Frax Ether has grown 38% each over the past month, outpacing industry leader Lido. This suggests that investors are opting for smaller players to stake their Ethereum in order to diversify away from Lido's dominance, which threatens Ethereum's decentralisation. The recent move by Lido to enable staking withdrawals on May 15 may help bring its dominance down as people seek other pools or start solo staking. Despite growing at a faster pace than Lido, Rocket Pool and Frax Ether still trail in terms of total staking deposits.
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Ether staking surge helps small players chip at Lido’s dominance: ‘A good thing’ for DeFi
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