Lido’s Liquid Staking Outshines CEXs, L2s in Ethereum Token Supply

• Liquid staking dominates ETH token supply, with most of the tokens staked on Lido. 
• Binance tops the CEX segment in total token supply, ahead of Coinbase and Bitfinex. 
• Arbitrum leads the Layer-2 networks in Ethereum supply, with a market share that outpaces close rivals.

Amidst the recent surge in Ethereum’s price, an analysis posted on X shows the blockchain’s token supply has diversified in recent years, capturing increased projects and applications in its ecosystem.

Version 2 of my (incomplete) break down of Ethereum Supply – Even the ETH token is distributed

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— Eth Wave (@TrueWaveBreak) November 29, 2023

Indeed, the analysis posted by an X user @TrueWaveBreak showed that ETH staking continues to dominate the token’s supply. Per the post, liquid staking platform Lido’s share of the token supply far outpaces other segments of the Ethereum ecosystem. As noted on Lido’s website, over 9,298,195 ETH worth $20,951,872,661 are presently staked on the platform. 

Furthermore,…

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