TechFlow news, according to The Block, the Ethereum staking ratio has declined for the first time since reaching a peak of 29% at the end of 2024, dropping to the current 27%, the lowest level since July 2024. Currently, 33.5 million ETH are staked.
The report shows that despite the decline in staking ratio, the liquid staking derivatives (LSD) market landscape remains stable. Lido continues to dominate the LSD market with approximately 69% share, followed by Binance staked ETH with around 15%. Lido generated $89 million in revenue in January 2025, roughly in line with its average monthly revenue of about $85 million over the past 12 months.
Analysis suggests the decline in staking rate may be related to investors seeking higher yields in other ecosystems.
