Why Ethereum Bulls Are Switching to LSD

[{"selector":"#anim-a6672fd5-0d19-4cd2-b211-54d7e945c7f5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] As Ethereum developers prepare for the Shanghai network update, liquid-staking derivatives are popular.

Bitcoin, Ethereum, and Solana had a strong second week of the year.

[{"selector":"#anim-e766f76a-8eb2-460f-94a4-1e74aa74367f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] However, liquid staking derivatives, also known as liquid staking tokens, are the market's greatest winners (LSD).

[{"selector":"#anim-24afe244-c9b6-4ac0-a258-807e62f193c4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Lido Finance (up 50.3%) and Rocket Pool (up 23.3%) tokens have skyrocketed in recent days.

[{"selector":"#anim-415668a4-deb4-4d48-9197-081b08bfdf8c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Ethereum has switched to PoS since the merging last September.

[{"selector":"#anim-4a84c3b7-2703-49c6-a297-f6c9d51efd74 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Validators and miners validate transactions and prevent on-chain misbehaviour.

[{"selector":"#anim-a2d774f9-d2c2-498d-81eb-419033f0319d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.1690339948474%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] At press time, 32 Ethereum is worth $45,000. LSD initiatives help with that. Learn more