June 2025 – The latest research from OnStaking, a leading analytics firm in decentralized finance (DeFi), reveals that liquid staking now makes up 38% of the total staking market, setting a new record. This surge highlights the growing preference for flexible, yield-generating solutions in the blockchain ecosystem.

Key Findings from the Report

1. Liquid Staking Reaches 38% – Up from 28% in early 2024, liquid staking has become the fastest-growing segment in Proof-of-Stake (PoS) networks.

2. Ethereum Leads Adoption – Over 65% of liquid staking activity occurs on Ethereum, driven by Lido, Rocket Pool, and emerging protocols.

3. TVL in Liquid Staking Surpasses $120B – The total value locked (TVL) in liquid staking protocols has doubled since 2024.

4. New Chains Embrace Liquid Staking – Solana, Cosmos, and Polkadot see rapid growth, contributing to the sector’s expansion.

Why Liquid Staking is Gaining Traction

• Liquidity & Flexibility – Unlike traditional staking, liquid staking provides tradable tokens (e.g., stETH, rETH) that users can deploy in DeFi.

• Higher Capital Efficiency – Stakers earn rewards while using derivative tokens for lending, trading, or yield farming.

• Lower Barriers to Entry – Small investors can participate without locking up large amounts of capital.

Top Liquid Staking Platforms in 2025

• Lido Finance – Still dominates with over 50% market share.

• Rocket Pool – Gaining traction due to decentralized node operators.

• StakeWise & pStake – Emerging as strong competitors with multi-chain support.

Future Outlook

Analysts predict liquid staking could exceed 50% market dominance by 2026, especially with Ethereum’s continued upgrades and Layer 2 integrations.