Overview

The Ethereum staking landscape is shifting as Figment emerges prominently while Lido’s dominance falters, now holding a record low 24.4% of the market. This decrease raises concerns about the centralization of power within the staking ecosystem, signaling heightened competition.

Key Points

• Lido’s share of the Ethereum staking market has significantly declined from 32.3% in late 2023.
• Figment topped the charts in new stakers recently, acquiring approximately 344,000 new participants.
• The diversification among staking providers could enhance Ethereum’s overall blockchain health.

Insights from Industry Leaders

Darren Langley of Rocket Pool notes that Lido’s share diminished largely due to rising concerns over staking centralization. In an echoed sentiment, Lorien Gabel of Figment remarked, “Now that the largest institutions in the world are embracing digital assets, we’re busier than ever onboarding them.”

Conclusion

As these trends progress, the Ethereum staking environment in 2025 may prioritize diverse service models over the dominance of any single provider, ensuring a more decentralized framework.