where the latter was playing catch up while the former is in its own league. Similarly, RocketPool will likely struggle to get to Lido’s current level.
Perhaps the best way to establish whether RocketPool can compete effectively with Lido is to look at its stats since the start of 2023. RocketPool’s market cap is one of the areas that delivered robust growth in the first three months of the year. It grew from as low as $261 million in January, and briefly managed to push above $1 billion in February.RocketPool had a $906 million market cap at press time. For reference, Lido Finance had a $2.07 billion market cap at press time.RocketPool kicked off the year with less than 30 daily active users but peaked at 724 DAU in the second week of February. It has so far maintained a daily average above 200 DAU. Its network growth reflects the daily active users.