The staking rate of the Ethereum network ETF has been continuously declining since mid-November 2024

According to data from TheBlock, the current ETH staking ratio has dropped to 27%, falling back to the level of July 2024. This is the first trend decline since it reached a peak of 29% at the end of 2024, and also the first decline since staking became popular in May 2023. Liquidity Staked Derivatives (LSD) continue to dominate in the Ethereum staking ecosystem.

Lido remains the dominant liquidity staking protocol, controlling about 69% of the LSD market. Staked ETH from leading exchanges ranks second with a market share of approximately 15%, indicating high concentration among major providers. Although Ethereum continues to serve as key infrastructure for DeFi and NFTs, recent market attention has shifted towards other protocols and ecosystems. This trend may reflect investors seeking higher returns in other ecosystems and protocols or reducing their stake positions to participate in other market opportunities.