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 ️ See Below ️ V1 Comparison New Additions & Improvements Grant Application Sources & Thank-Yous Feedback Requested Follow for more stats and visuals pic.twitter.com/mxB5hbZwAs — Eth Wave (@TrueWaveBreak) November 29, 2023 Indeed, the Analysis posted by an X user @TrueWaveBreak showed that ETH s taking continues to dominate the token’s supply. Per the post,...