#ETH staking platforms dump 70,000 ETH.#

ETH staking platforms have shed 70,000 ETH, reflecting a degree of hesitation in the market about the future of LSDs. As of January 5, 2025, the total amount of ETH locked in liquid staking platforms stood at 13.78 million, down 70,000 since late November 2024. Lido remains dominant, but its staked ETH has declined by 160,000 since November 30, 2024. Binance's liquid staking platform, on the other hand, has added 150,000 ETH in the past 36 days, indicating its growing appeal. Rocket Pool has experienced continuous outflows, losing 479,374 ETH from October 29 to the end of November, and shedding another 7,743 ETH in the past 36 days. The 13.78 million ETH currently locked in these LSD platforms represent 11.44% of ETH's circulating supply. While the overall ETH locked amount has declined, approximately 13.78 million ETH remain locked in liquid staking platforms, indicating that LSDs are still a significant component of the ETH ecosystem. However, changing user preferences and competition have raised questions about the future of LSDs, and market confidence in LSDs may be waning.