Lucy Jane 
Lido Takes the Lead with 7.5 Million ETH Locked in Liquid Staking
Over ten million Ethereum (ETH) are locked in liquid staking DeFi platforms as of July 2, 2023.
At the time of this report, approximately 10,11 ETH were closed, with a current market value of $19,456 billion.
According to defillama.com, Lido, the leading liquid staking derivatives protocol, holds approximately 7,530,330 ether as of Sunday, 8:00 a.m. Eastern Time.
According to defillama.com, the total value was locked in Ethereum-based liquid staking derivatives platforms on July 2, 2023.
The total value locked (TVL) of Lido increased by 1.90 percent in the past week, while its monthly growth rate reached 7.50 percent. The current TVL for the DEFI application is $14.43 billion.
Meanwhile, the Wrapped Ether Defi platform on Coinbase saw a TVL increase of 3.27% over the past week but a slight decrease of 0.24% over the past month.
Currently, the liquid staking derivatives platform of Coinbase secures approximately 1,124,130 ethers worth $2.24 billion.
Rocket Pool, the third-largest liquid staking protocol, experienced a modest seven-day increase of 0.99%. Its 30-day performance, however, revealed a more significant increase of 9.69%.
On Sunday morning, Rocket Pool owned approximately 803,406 ethers worth $1.54 billion. In contrast, the Frax Ether defi application reported a weekly increase of 1.96% and a monthly increase of only 0.81%, with 234,062 ETH under management.
Stakewise, the fifth-largest liquid staking derivatives platform, saw a slight increase of 0.31% over the past week and an increase of 1.10% in June.
Existing among the 10.11 million staked ethers are 22 liquid staking derivatives platforms. As of Sunday morning, the top five liquid staking derivatives tokens have an ETH-peg price discrepancy ranging from 0.08% to 0.53%.
With Lido’s impressive liquid staking reserves, its token, Lido staked ether (STETH), now ranks seventh in the industry regarding market capitalization.