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Lido Finance, a prominent player in Ethereum's staking realm with close to 10 million ETH deposits, has wielded considerable influence in the market.

The Lido team shared an updated manual to facilitate a "smooth" withdrawal process for SOL that's stuck on chain.

The analysis of JPMorgan and the implications for the cryptocurrency market

TL;DR Lido's Market Share Declines: Lido's dominance in the Ethereum staking market has decreased, with its share falling from 32% to below 30%, as more ETH stakers enter the market.

JPMorgan analysts suggest that Lido's declining market share may shield Ethereum from being classified as a security.

The Ethereum (Ether) staking market is undergoing a significant shift as Lido, a major player in the space, has seen its market share drop to 29.57%, down from 32% in December 2023.

Lido Finance, the largest staking protocol on Ethereum, with deposits of nearly 10 million ETH has been dominating a wide majority share in Ethereum's staking market. There's been a long-going concern regarding Lido's domination in the staking space that could lead to the centralization of power.

The decentralized finance (DeFi) space has been a hotbed of innovation, offering users the opportunity to participate in various financial activities with unprecedented accessibility and autonomy. However, this rapid evolution is not without its pitfalls, as demonstrated by the recent conundrum surrounding Lido's Solana staking protocol.

Other prominent entities contributing to the ETH staking ecosystem are crypto exchanges Coinbase (14.04%) and Binance (3.75%) and Ethereum staking platform Kiln (3.5%).

In a move to maintain a robust trading environment, Binance, one of the leading cryptocurrency exchanges, has announced the delisting of two trading pairs due to low liquidity. The affected pairs, LDO/TUSD and WING/BTC, are set to cease trading on April 5, 2024, at 06:00 Turkey time.

A smart contract error has locked $24 million worth of tokenized staked Solana (stSOL) on Lido, following its service discontinuation in October 2023.

The community is in turmoil as over $21 million in Solana (SOL) remains locked within Lido's staking protocol.

There's still $24 million in Lido-staked Solana despite the program being shuttered five months ago.

In the last 30 days, Ethereum is down by 4%. Notwithstanding this, ETH holders demonstrate a tendency for liquid restaking protocols to be preferred over the likes of the traditional platform of Lido Finance.

While Ethereum prices fell over 4% in the last 30 days, ETH holders have pivoted away from Lido Finance into restaking protocols.

The entry of liquid restaking platforms like Ether.fi challenged Lido's dominance.

Bitcoin supported by Ethereum uses Lido's technology for feeless loans.

BadgerDAO has partnered with Lido Finance to launch a new Bitcoin-pegged stablecoin, eBTC.

BadgerDAO, a prominent player in the Bitcoin (BTC) decentralized finance (defi) sector, has announced a partnership with Lido, a premier provider of liquid staking solutions on the Ethereum network. According to a press release shared with crypto.

Lido is the leading liquid staking solution - providing a simple way to get rewards on your digital tokens. By staking with Lido your tokens remain liquid and can be used across a range of DeFi applications, getting extra rewards.

The on-chain analytics firm Santiment has revealed the altcoins that have recently surged into the mid-term “opportunity zone.” These Altcoins May Be More Likely To See Rebounds In a new post on X, Santiment has discussed what the various altcoins in the market are looking like from the perspective of the MVRV.

Despite Bitcoin's slump, altcoins are providing an opportunity for investors.

Money management giant Fidelity wants to allow traders of its potential ethereum fund to be able to stake some of the assets, it wrote in an amendment with the U.S. Securities and Exchange Commission (SEC).

AMBCrypto's analysis shows that LDO may decline further before the boom begins.