Will Curve find breathing space in the crowded LST sector?
The post Will Curve find breathing space in the crowded LST sector? appeared on BitcoinEthereumNews.com. The Liquid Staking Finance (LST) sector saw increased competition and growth. Curve Finance adapted to competition but faced challenges with developer numbers and token dynamics. The Liquid Staking Finance (LST-fi) sector is undergoing substantial changes, with Curve Finance [CRV] navigating the rising tides of competition. Is your portfolio green? Check out the CRV Profit Calculator As more participants enter the liquid staking space and established protocols make improvements, the market has become highly competitive. Looking at the LST sector In October 2023, the LST-fi sector displayed interesting dynamics. Approximately 23% of Ethereum’s total value was staked, amounting to $17.51 billion out of $186 billion. Within this, 4.1% of the staked assets found a home in LST-fi, totaling $724 million. These figures indicated an area with vast potential, poised for exponential growth, potentially up to 257 times its current state, according to DeFi mochi’s data. Despite a general slowdown in Total Value Locked (TVL) growth on a protocol level over the past month, the LST-fi sector displayed resilience. New market entrants contributed to the sector’s expansion, adding around $200 million in TVL. Source: Dune Analytics New entrants and old Eigenlayer, a newcomer, managed to secure an impressive 28.7% market share in just four months. With a valuation of $500 million in its most recent funding round, it effectively established itself as a key player in restaking ETH. Its TVL surpassed that of LybraFinance V2, which maintained its dominance in the LST-fi sector with over $200 million TVL, outpacing competitors like Raft Finance and Prisma Finance. State of LST-fi (October 2023)————————————- Eth staked: 23% ($17.51B of $186B)LSTs used in LST-fi : 4.1% ($724m of $17.51B)Potential growth of sector: 257x The LST-fi landscape has changed dramatically over the past 2 months with new competitors… pic.twitter.com/1RPEHRnHAR — Defi_Mochi (@defi_mochi) October 14, 2023 The competitive…
The post Will Curve find breathing space in the crowded LST sector? appeared on BitcoinEthereumNews.com.
The Liquid Staking Finance (LST) sector saw increased competition and growth. Curve Finance adapted to competition but faced challenges with developer numbers and token dynamics. The Liquid Staking Finance (LST-fi) sector is undergoing substantial changes, with Curve Finance [CRV] navigating the rising tides of competition. Is your portfolio green? Check out the CRV Profit Calculator As more participants enter the liquid staking space and established protocols make improvements, the market has become highly competitive. Looking at the LST sector In October 2023, the LST-fi sector displayed interesting dynamics. Approximately 23% of Ethereum’s total value was staked, amounting to $17.51 billion out of $186 billion. Within this, 4.1% of the staked assets found a home in LST-fi, totaling $724 million. These figures indicated an area with vast potential, poised for exponential growth, potentially up to 257 times its current state, according to DeFi mochi’s data. Despite a general slowdown in Total Value Locked (TVL) growth on a protocol level over the past month, the LST-fi sector displayed resilience. New market entrants contributed to the sector’s expansion, adding around $200 million in TVL. Source: Dune Analytics New entrants and old Eigenlayer, a newcomer, managed to secure an impressive 28.7% market share in just four months. With a valuation of $500 million in its most recent funding round, it effectively established itself as a key player in restaking ETH. Its TVL surpassed that of LybraFinance V2, which maintained its dominance in the LST-fi sector with over $200 million TVL, outpacing competitors like Raft Finance and Prisma Finance. State of LST-fi (October 2023)————————————- Eth staked: 23% ($17.51B of $186B)LSTs used in LST-fi : 4.1% ($724m of $17.51B)Potential growth of sector: 257x The LST-fi landscape has changed dramatically over the past 2 months with new competitors… pic.twitter.com/1RPEHRnHAR — Defi_Mochi (@defi_mochi) October 14, 2023 The competitive…
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