Over the past 14 weeks, the Ethereum liquid staking ecosystem has experienced notable growth. According to updated data from DefiLlama, the total value locked in such protocols increased from 13.62 million ETH to 14.31 million ETH, which equals approximately $3.2 billion. This surge highlights the sustained interest in the sector despite ongoing market volatility. Users continue to seek ways to earn passive income without giving up access to their assets — and liquid staking offers exactly that.

Distribution among major protocols

While the number of staking platforms continues to grow, the market remains heavily concentrated around a few dominant players. Lido still leads the space as the largest liquid staking protocol, commanding a significant market share. As of now, the distribution breakdown is as follows:

• Lido — 8.76 million ETH ($41.59 billion), market share — 61.22%
• Binance Staked ETH — 3.3 million ETH ($15.67 billion)
• Rocket Pool — 652,585 ETH ($3.09 billion)
• Liquid Collective — 365,918 ETH ($1.74 billion)
• Stakewise V2 — 321,413 ETH ($1.53 billion)
• mETH Protocol — 299,990 ETH ($1.42 billion), down 19.21% over the past 30 days
• Stader — 161,688 ETH ($768 million)
• Coinbase Wrapped Staked ETH — 143,321 ETH ($683 million), with a weekly growth of over 9%.

These figures show that despite the emergence of new solutions, only a handful of protocols capture the majority of ETH in the liquid staking sector.

Participation of smaller protocols

Alongside the dominance of large platforms, smaller but still important players continue to make their mark. Their combined contribution may be more modest, but it continues to grow — especially within niche or regional communities.

• Frax Ether — 93,928 ETH ($446 million)
• Origin Ether — 38,143 ETH ($181 million)
• Crypto.com Liquid Staking — 36,043 ETH ($172 million)
• Stakestone STONE — 29,962 ETH ($142 million).

These protocols play a key role in diversifying the market and demonstrate growth potential thanks to their unique products and incentive mechanisms.

Overall ETH share in liquid staking

As of August 2025, the share of ETH involved in liquid staking reached 11.86% of the total circulating supply, which currently stands at 120,707,167 ETH. This reflects growing user confidence in such tools and suggests that liquid staking is becoming a fully integrated part of the DeFi infrastructure.

Ethereum’s liquid staking ecosystem continues to expand, solidifying its role in the broader decentralized finance landscape. The growing amount of staked ETH and the clear dominance of major players like Lido and Binance reaffirm the sector’s strategic importance. At the same time, interest in smaller protocols remains strong, as they offer alternative solutions and staking conditions.

In the context of Ethereum 2.0 development and deeper integration with traditional financial systems, it’s likely that liquid staking will evolve from a trend into a key component of the future digital economy.