Rocket Pool, another popular LSD protocol, also saw a 6.1% increase in activity during the same period. On the other hand, Frax Finance experienced a relatively lower growth rate with a 3.4% uptick in activity.
In terms of revenue, Frax Finance witnessed a 19.9% increase despite its lower activity compared to other protocols. Lido saw a 9.39% rise in revenue, while Rocket Pool’s revenue remained unchanged during this period.However, Rocket Pool’s fortunes may soon change. The staked ETH for Rocket Pool, known as rETH, is set to beon protocols like MakerDAO and Polygon in the future. This development is expected to significantly impact Rocket Pool’s growth and contribute to its rapid expansion.
While Rocket Pool pursues market share in the LSD sector, Lido has been consistently enhancing its protocol through various proposals. Notably, oneThe CLI actively engages new community stakers, creates educational content, organizes initiatives, represents community operators in Lido DAO discussions, participates in working groups, and facilitates information sharing during Lido Node Operator community calls.
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Source: CryptoAmb - 🏆 22. / 68 Read more »