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Glassnode Report Shows Lido Finance Continues to Dominate Ethereum Staking Pools Despite Controversy

July 4 (Cointime) - According to a report by blockchain intelligence firm Glassnode, Ethereum staking has seen a surge in deposits since the Shanghai upgrade, with Lido Finance maintaining its dominant position in the network's staking pools.

Despite concerns that the upgrade would lead to a rush for the exits, daily staking deposits increased from 460 to 8,108, with Lido Finance continuing to hold the largest pool.

However, the token has seen a drop in its largest pool and a rise in collateral usage in lending protocols, suggesting a possible staking yield maximization strategy by investors.

Ethereum Ethereum $3,173.38
+3.01%
Lido Finance Shanghai upgrade
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