Lido.vs.The.Field
Q7. How does Lido usage compare to other top staking platforms? Choose 2 platforms to compare it to.
Introduction:
We know that the Lido platform is a leading staking platform for ETH 2.0. Lido lets you stake any amount of Ethereum — with no need to run complex infrastructure — while giving you the ability to deploy your staked ETH across DeFi applications like Curve, Sushi, Yearn and more.
Many other staking platforms are available for ETH. The two platform that selected to compare are StakeWise and Bitcoin Suisse.
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The contract address of Lido staking platform is '0xae7ab96520de3a18e5e111b5eaab095312d7fe84'
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StakeWise is a liquid Ethereum staking protocol that tokenizes users' deposits as sETH2.
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Bitcoin Suisse makes it easy to earn rewards with staking and the contract address related to is is '0x2a7077399B3e90F5392D55A1Dc7046ad8D152348'
This comparison is made by assessing these metrics:
- Number of unique wallets
- USD volume of staked amount
- Total amount of staked ETH
Note 1: All of these platforms used ETH 2.0 as stake currency.
Note 2: The time period of investigation is considered since start of 2022.
The total amount of ETH staked with each platform since the start of 2022 is shown in this donut chart. This chart contains the total number and share of staked ETH with each platform.
As shown in this chart, the ETH amount that staked with Lido is over 1.47 million ETH and over 91% of total staked ETH since the start of 2022. StakeWise is in the second place with 5.71% of staked ETH.
The daily USD amount of staked ETH with each platform since the start of 2022 is shown in this figure. As shown in this figure, the Lido was dominant all the time approximately. In the first days of 2022, the Bitcoin Suisse is used to stake ETH more than other times in the period.
The total number of unique wallets that staked ETH with each platform demonstrates in this chart. As shown in this chart, the Lido platform has near 20000 unique staker and grab the first rank. StakeWise with 1045 unique stakers stands in the second place.