ETH inflow

The chart below represents the volume of ETH being stked with Lido. Aside from having several days where there's a sudden large stake inflow, there are no obvious or consistent pattern of ETH inflow. This may due to certain days, where more address are partaking in staking activities. This will be discussed in the next section

Introduction

Lido is staking solution platform that offers liquid staking mechanism for assets from various chains, EThereum, Kusama, Polkadot, solana, Polygon etc. Ethereum liquid staking allows user to mint staked ETH, (stETH), which retains uswer liquidity psition, whilst earning staking rewards. Even though users cant use stETH to pay gass etc, the liqyuidity allows user to exit their position immediately should they need to.

ETH Stakers

The chart below represents the number of address that stakes ETH per day. The highest traffic is on May 7th, at 2,334 address. How ever, on that day only a mere 76.3 ETH were staked, barely even competing the highest volume for the past 3 months. Another example is March 27th, where only 5380 ETH staked, even though there are 610 address participate in staking on that day.

From this we can conclude, the address count participation has little to no impact on staking volume on Lido. This can only mean, address with large ETH is the one responsible in surge of staking volume i.e Whales.

Whales' Pump

The table below lists the largest volume of ETH being staked on Lido. We can see that majority of these transactions happened on the Pump Day, the day where there is a surge in ETH being staked:

   -    March 15th 
   -    May 2nd &3rd
   -    May 11th, 12th, 13th 

The ETH volume ranges as high as 33.6 K ETH to 26.5 K ETH. - June 7th, 8th, 9th

Whales' Participation

Below lists the Whale address and the number of txn submitted, along with the total ETH staked on said days. Some address has submitted the same amount of ETH on the same day, indicating the whales may have multiple wallets used to stake ETH.

Conclusion

Lido staking volume a directly impacted by Whales activity, and said whales may be different individual/entities and posses different wallets used for staking. Retail traffics has little to no impact to staking volume of ETH, relative to the WHales. This shows a concerning wealth gap among retails and whales.

Sum Staked

The below chart shows the total ETH that has been staked since Lido`s Inception As of today, there are 4.25 M ETH has been staked with Lido