Two years after liquid staking went mainstream, the landscape looks like this ↓
@LidoFinance dominates with a 67.06% share — not just leading, but monopolizing. Two-thirds of all staked ETH liquidity flows through one protocol.
@binance holds 16.64%, showing centralized staking is far from dead. Together with @coinbase, centralized players control ~17.55%.
@Rocket_Pool, the decentralization-first alternative, still sits below 5%.
A great illustration of the “big name” and the “first-to-PMF” rule.
