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Ethereum Staking Drops From November 2024 Peak – Is Interest In ETH Fading?

  • 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.

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