Growing Demand for Liquid Staking (LIDO) Reshaped both Use of ETH and Pace of Ethereum Issuance Itself
According to Glassnode, the uptrend in stETH adoption is unmistakably underway, which poses an increasing challenge to traditional demand for ETH itself, which is experiencing stagnant demand due to declining numbers of new altcoin ICOs/IDOs.
October 9, 2023