Liquid Staking ETH Platforms Analysis

    Method :

    I used ethereum.core.fact_event_logs for extracting liquid staking ETH platforms. I used the following filters for this :

    case when lower(ORIGIN_TO_ADDRESS) = lower('0xC874b064f465bdD6411D45734b56fac750Cda29A') and ORIGIN_FUNCTION_SIGNATURE in ('0x4a58db19','0x3a4b66f1','0x040dee8a') then 'Stakewise' when origin_to_address = lower('0x84db6eE82b7Cf3b47E8F19270abdE5718B936670') and event_inputs:from = lower('0x84db6eE82b7Cf3b47E8F19270abdE5718B936670') and origin_function_signature in ('0x9fa65c56','0xeb834a2c') then 'stkr' when origin_to_address in ('0xcbc1065255cbc3ab41a6868c22d1f1c573ab89fd','0x49d72e3973900a195a155a46441f0c08179fdb64') and origin_function_signature = '0xa9059cbb' then 'Cream' when origin_to_address = lower('0x4D05E3d48a938db4b7a9A59A802D5b45011BDe58') and origin_function_signature = '0xd0e30db0' and event_name = 'Transfer' then 'Rocket_pool'

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    • The number of stake actions has fluctuated a lot over time and reached its peak in the middle week of August 2021.
    • In 2022, we will see the highest number of deposits in the first week of May.
    • The largest number of deposits was through Direct staking.
    • The total number of deposits so far reaches 372 thousand deposits.
    • The total number of wallets that have been deposited so far reaches 191 thousand wallets
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    • The amount of ETH deposit has been increasing over time and reached its peak in the second week of March 2022. As we can see, the slope of the cumulative deposit volume graph has also increased from this date to the beginning of May, which indicates an increase in the deposit volume in this month.
    • The total amount of ETH deposited through Direct staking is more than other platforms. The second place also belongs to the Lido platform.
    • The total volume of deposited ether reaches 17.8 million ethers
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    The amount of ETH deposited in USD has been increasing over time, and since the first week of May 2022, this dollar amount of deposits has decreased sharply. And as we can see, since this date, the slope of the cumulative volume graph has almost leveled off.

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    As we can see, the number of depositors who use the Lido platform has increased over time, but the number of deposit actions is still more in Direct staking than others.

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    The amount of ETH deposited over time through direct staking has been more than others.

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    • Over 99% of wallets that have deposited ETH have used only one platform for staking.
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    • About 53% of wallets that have staked ether have deposited more than 30 ether! . This shows that these staking platforms are more interested in whales!
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    • Average staked volume in Cream platform is more than others.
    • Median of ETH sraked volume on Direct staking is more than others.
    • Maximum ETH volume of deposit on Direct staking is more than others.

    Concolusion :

    From the above analysis, we obtained the following results:

    1. The number of stake actions has fluctuated a lot over time and reached its peak in the middle week of August 2021.
    2. In 2022, we will see the highest number of deposits in the first week of May.
    3. The largest number of deposits was through Direct staking.
    4. The total number of deposits so far reaches 372 thousand deposits.
    5. The total number of wallets that have been deposited so far reaches 191 thousand wallets.
    6. The amount of ETH deposit has been increasing over time and reached its peak in the second week of March 2022. As we can see, the slope of the cumulative deposit volume graph has also increased from this date to the beginning of May, which indicates an increase in the deposit volume in this month.
    7. The total amount of ETH deposited through Direct staking is more than other platforms. The second place also belongs to the Lido platform.
    8. The total volume of deposited ether reaches 17.8 million ethers
    9. The amount of ETH deposited in USD has been increasing over time, and since the first week of May 2022, this dollar amount of deposits has decreased sharply. And as we can see, since this date, the slope of the cumulative volume graph has almost leveled off.
    10. the number of depositors who use the Lido platform has increased over time, but the number of deposit actions is still more in Direct staking than others.
    11. The amount of ETH deposited over time through direct staking has been more than others.
    12. Over 99% of wallets that have deposited ETH have used only one platform for staking.
    13. About 53% of wallets that have staked ether have deposited more than 30 ether! . This shows that these staking platforms are more interested in whales!.
    14. Average staked volume in Cream platform is more than others.
    15. Median of ETH sraked volume on Direct staking is more than others.
    16. Maximum ETH volume of deposit on Direct staking is more than others.