Ethereum liquid staking has skyrocketed in popularity recently, with protocols now securing 11.74% of the total 120,401,221 ETH in circulation. For perspective, that’s 5.15 times more than the 2.28% of ETH managed by U.S. spot ether exchange-traded funds (ETFs). By late Sept., 30 liquid staking protocols reached the 14 million ETH threshold, and Bitcoin.com News at the time reported a combined total of 14.08 million ETH.

ETH-0,58%
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