ETH Staking: What Does MetaMask's New Offering Look Like Compared to Lido?

Bittime - Discover MetaMask's newest feature with Ethereum pooled staking, allowing ETH owners to start staking without locking up 32 ETH. Lido, powered by ConsenSys Staking, leads the industry by managing 28.76% of Ethereum.

Newly Released Ethereum Staking Feature

ConsenSys announced the latest development that MetaMask will launch a pooled staking feature for its users. This new feature will allow Ethereum holders to stake their holdings without the need for customary validator volumes. Staking Ethereum typically requires locking up 32 ETH, which is worth around $112,000 today.

Lido Leads Ethereum Staking

MetaMask's combined staking will be supported by Consensys Staking, which according to Dune Analytics data ranks 28th among staking platforms.Data shows that they currently manage around 101,000 ETH and manage around 3,000 validators.

According to additional analysis, as of this writing, more than 33 million Ethereum have been staked, which is 27.56% of the total Ethereum supply. The study also showed that Lido held 28.76% of staked volume, or about 9.5 million ETH with about 297,000 validators.

Ethereum New Shareholder Down

According to the analysis, the number of new stakers has decreased even though the total value of staked Ethereum has increased. In recent days, there has been a significant decline in new CryptoQuant depositors. The number of new daily depositors exceeded 3,700 on June 9, but at the time of this writing, the number had fallen to around 540.

Conclusion

ConsenSys recently announced that MetaMask will launch a merged staking feature for Ethereum. This will allow Ethereum asset holders to stake without having to lock up 32 ETH separately. It is hoped that this move will enable more users to use Ethereum staking.

Lido, which is powered by ConsenSys Staking, manages approximately 28.76% of staked Ethereum, making it the staking industry leader. The amount of Ethereum staked continues to increase, but recently there has been a decline in the number of new stakers. This shows a change in market interest in staking. These dynamics show the potential and obstacles in the current Ethereum staking ecosystem.

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