The percentage of Ethereum (ETH) supply staked on the network has dropped to 27.6% from its peak of 29% in November 2024.
Concerns arise regarding the high concentration of the liquid staking derivatives (LSD) market by Lido (LDO), potentially impacting Ethereum's decentralization.
Ethereum faces a decline in interest among large investors, with Solana's decentralized finance (DeFi) ecosystem gaining traction and Ethereum-related search interest decreasing.
Despite the drop in staking percentage, ETH is currently trading at $2,712, showing a 2.8% increase in the past 24 hours.