Lido’sonce-dominant presence in theEthereumstaking market has fallen to a three-year low. This drop coincides with a prolonged depegging ofstETH, the liquid staking token issued by the platform. At the same time, the platform’s withdrawal queue has surged to its highest level since withdrawal functionality was enabled.

Lido’sonce-dominant presence in theEthereumstaking market has fallen to a three-year low. This drop coincides with a prolonged depegging ofstETH, the liquid staking token issued by the platform. At the same time, the platform’s withdrawal queue has surged to its highest level since withdrawal functionality was enabled.

Source: https://cryptoslate.com/lidos-market-share-shrinks-as-steth-struggles-with-depegging/