Over $16 billion is locked into liquid staking protocols such as Lido Finance, Coinbase's Wrapped Staked Ether, Rocket Pool, Frax, Stakewise, Stakehound, Ankr, Ether. fi, and Bitfrost, with just over 8 million Ethereum locked in at the time of the Shapella upgrade on April 12, 2023. Since then, over 400,000 Ethereum worth $763 million has been added to 17 liquid staking platforms, with Lido dominating the market, holding 73.6% of Ethereum locked in liquid staking protocols.

Six out of the top ten protocols, ranked by value locked, have experienced gains over the past month, with four of them showing double-digit growth. Liquid staking protocols have gained significant traction in recent months, providing users with the convenience of earning passive staking rewards while still retaining control of their assets.