Lido’s staking dominance has fallen in recent weeks despite continued inflows to the controversial Layer 2 network, Blast.
According to Dune Analytics, Lido currently controls 31.8% of the staked Ether supply, down from more than 32.3% three weeks ago. Daily tweets from the LidoDominance X account show Lido’s dominance steadily falling since tagging a local high on Dec. 5.
Lido’s diminishing command over the supply of staked Ether follows renewed scrutiny from Ethereum decentralization devotees who feared that the rising value of assets locked in Blast, a forthcoming Layer 2 network, could push Lido’s dominance above one-third.
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#undefined [Source: TheDefiant]