According to Bloomberg reports, liquid staking has experienced a significant resurgence, with assets locked in liquid staking services surging by 292% to reach $20 billion. This surge has positioned liquid staking as the dominant segment in decentralized finance (DeFi), surpassing the previous top application, lending.

Liquid staking’s popularity has surged, particularly after Ethereum embraced it as part of network upgrades in the past year. Additionally, the Cosmos Hub is considering a significant software upgrade proposal, which includes replacing existing staking modules with the Liquid Staking Module (LSM), a move aimed at enhancing safety in liquid staking across the Cosmos Hub.