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LSD Tokens Rally as Ethereum Staking Surges

The value of Ethereum Liquid staking derivatives (LSD) tokens has surged due to an increase in ETH staking. Lido Finance and Rocket Pool have seen significant gains in the past 24 hours, with Lido Finance now accounting for 37.85% of all ETH staked in liquid derivatives protocols. Other LSD tokens, such as pSTAKE Finance’s PSTAKE and StakeWise’s SWISE, have also seen positive movement. The total amount of ETH staked on the Ethereum network has risen drastically in the last two days, indicating a bullish start to June for Ethereum.

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