The total value locked (TVL) in liquid staking derivatives has increased by 441,110 ether, equivalent to $793 million, in less than two weeks. Lido Finance dominates the market with 74.35% of the TVL, while Rocket Pool and Frax Ether have recorded double-digit gains in the past 30 days.

As of May 12, 2023, the TVL in liquid staking derivatives stands at 8,872,715 ether, equivalent to $16.101 billion, marking a significant increase from the previous month. Despite the recent addition of 441,110 ethereum, the TVL in LSDs is currently worth less than it was on April 30, owing to ethereum’s decline in market value.