Liquid Staking Derivatives Lose Ground With Over 380,000 ETH W | Trade Crypto Now
Liquid Staking Derivatives Lose Ground With Over 380,000 ETH Withdrawn in April
In the initial two weeks of April, a notable reduction of 380,000 ether was observed in the top liquid staking derivatives (LSD) protocols. On April 1, 2024, these platforms collectively held 13.53 million ETH across 27 distinct decentralized finance (defi) platforms, as per archived data from defillama.com. Presently, after this decline, approximately 13.15 million ETH, valued at $41.5 billion based on current exchange rates, remains.
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