ETH liquid staking has exploded in number and popularity since just the start of 2023 to the Shanghai Upgrade, increasing by a factor of 320% or adding $3.2 Billion

Liquid staking solutions like LIDO and Rocketpool have been a hugely increase in popularity this year. From Q4 2022 to Q1 2023 the market cap of liquid staking tokens increased by a factor of 320% from being around $1.5B at the start of 2023. As a short primer, liquid staking also know as decentralized or pooled staking is the ability to stake ETH through an intermediary project, rather than directly though Ethereum’s staking contracts and processes. The advantages of this is being able to stake while having much less than 32 ETH and/or not requiring all the resources and maintenance necessary to run a node. You generally receive a token that represents (a claim on) your staked ETH.

Visually, the beginning of the year saw just these tokens and projects that were offering liquid staking solutions.

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https://preview.redd.it/1svmijk7xwua1.png?628&format=png&auto=webp&s=3d4cf601a65f92783a45f51754df408345a40fc8

Fast forward to today, and the market offers all these options.

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https://preview.redd.it/kax8se73xwua1.png?625&format=png&auto=webp&s=711bd7eee8006e1ad927dc66ee7df084117f47a5

Here are also the difference in market cap and volume of these tokens:

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Liquid Staking Stats in 3 months ago

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Liquid Staking Stats today

This is a increase of $3.2 Billion dollars in market cap and 94 Million dollars of trade volume.

Data per Coingecko