Why Ethereum Bulls Are Switching to LSD

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.

However, liquid staking derivatives, also known as liquid staking tokens, are the market's greatest winners (LSD).

Lido Finance (up 50.3%) and Rocket Pool (up 23.3%) tokens have skyrocketed in recent days.

Ethereum has switched to PoS since the merging last September.

Validators and miners validate transactions and prevent on-chain misbehaviour.

At press time, 32 Ethereum is worth $45,000. LSD initiatives help with that.