[Lido] ETH Staked

    In this dashboard, I look at Lido Finance data to see how many ETH tokens it has staked in the last three months.

    Introduction

    With the support of some reputable service companies in the field of staking, Lido has been able to create a solution to steak problems in "Ethereum 2". This feature allows users to liquidate their staked ETH and can participate in the process with any amount of tokens. Users will receive a stETH token when they use Lido to stake ETH in Ethereum Beacon Chain. This token is actually equivalent to their ETH in Beacon Chain. (1: 1 ratio). It can be said that this token acts as a bridge to transfer stake rewards in Ethereum 2 to Ethereum 1. The higher the Ethereum 2 user's stake bonus, the greater their inventory of Beacon Chain. Users can also use their stETH token just like regular ETH. (Buy, sell and trade). Also, due to the compatibility of this token with Defi projects, they can use it as collateral to receive loans within the chain. Once the transaction mechanism is set up in Ethereum 2, the user can convert their stETH back to ETH. Some believe that Lido could be one of the foundations of the (Lego-like) layers of the Ethereum.

    Method

    1. First, all the amounts of ETH tokens that were staked by Lido over time were obtained.
    2. Then the amount of ETH tokens staked by Lido in the last quarter was obtained.
    3. Next, the amount of staked ETH per day of these three months were obtained and plotted.
    4. Finally, the 10 unique wallets that staked the most ETH through Lido and the amount of Stake of each was determined.
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    About half of all ETHs have been staked in the last three months.

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    In the chart of amount of staked ETH(at all times) it is clear that in no period of time, except for August and September 2021, the amount of staked ETH have been as much as in the last quarter and especially in the last 45 days. The fact that about half of all ETH staked in just 90 days (while the total time includes 465 days) is a good indication of the high volume of ETH staked in the last quarter.

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    • Of the top 10 ETH stakers over time, 6 have been among the top in the last quarter. Wallet with the address 0xcde35b62c27d70b279cf7d0aa1212ffff9999cece has been the largest ETH staker in both the last quarter and the all time.
    • The difference in the amount of ETH tagged between the top wallets of the last quarter, except for the first case (which was mentioned), the amount of ETH tagged by other wallets is in a close range.

    Conclusion

    • The process of sticking ETH through Lido in 2022 has been a growing trend.

    • About half of ETH has been stacked in the last quarter.

    • The largest ETH stacker in the last quarter, has become the largest ETH stacker of all time.