Lido Consolidates $16.5 Billion in Staked ETH Following Pectra Upgrade

Lido, the largest liquid staking protocol, has commenced a major infrastructure update to consolidate over 8 million staked ETH (valued at $16.5 billion) into higher-capacity validators on Ethereum, following the Pectra upgrade.

The top 3

  1. Largest Liquid Staking Protocols by TVL: Lido is the dominant liquid staking protocol, holding approximately 23% of all staked ETH with over $17.8 billion in TVL for Ethereum alone, while Rocket Pool is the second largest decentralized liquid staking platform.
  2. Top Centralized Exchanges for ETH Staking: Binance and Coinbase are major centralized platforms for ETH staking, with Binance managing roughly 3.7 million ETH and Coinbase close to 2.9 million ETH in pooled staking.
  3. Ethereum Staking Market Share Distribution: Lido's market share of staked ETH has decreased to approximately 23% from a peak of 32% in 2023, while the total staked ETH across all platforms reached 39.7 million by mid-2026.

Sources

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