Rocket Pool’s rETH is dominating trading volume among liquid staking tokens, with arbitrageurs and DeFi degens converging on the token.
Data from IntoTheBlock shows rETH accounting for more than half of the liquid staking sector’s volume over the past three weeks. The token drove $28.8M worth of trades over the past 21 days, overshadowing stETH’s $6.7M despite Lido’s total value locked (TVL) outpacing that of Rocket Pool by eight times.
The data also shows increasing activity surrounding Frax’s FRXETH and SFRXETH tokens, while the dominance of Coinbase’s cbETH token has declined significantly from its mid-year highs.
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#undefined [Source: TheDefiant]