Lido, the largest liquid staking protocol, controls over 28.5% of all staked Ether, as liquid staking remains the largest DeFi protocol category.
Lido Finance has reached one million validators as Ethereum’s largest decentralized finance (DeFi) protocol.
Lido Finance, the largest liquid staking protocol on Ethereum, announced the milestone in an April 29 X post.
Liquid staking protocols like Lido Finance make staking more accessible for retail users with limited capital, who would otherwise need 32 Ether (ETH) to run their own validator nodes on Ethereum.