隨著 Lido 的統治在日益激烈的競爭中衰落，以太坊的質押場景發生了變化

以太坊質押領域的主導者 Lido 的市佔率從 32% 下降至 29.57%。新以太坊質押者的激增削弱了 Lido 的市場主導地位。 Binance、Coinbase 和 Kiln 等其他主要參與者的出現，創造了更具競爭力的質押格局。值得注意的是，一個身份不明的實體佔了 16.9% 的市場。這種轉變反映出人們對加密貨幣質押的興趣日益濃厚，其回報超過了標準普爾 500 強公司支付的股息。

Ethereum Staking Landscape Shifts: Lido's Dominance Wanes Amidst Rising Competition and Growing Interest in Crypto Staking

以太坊質押格局改變：隨著競爭的加劇和加密貨幣質押興趣的增加，Lido 的主導地位逐漸減弱

The Ethereum (Ether) staking market is undergoing a transformative shift, as Lido Finance, the once-dominant force in the space, has witnessed a significant decline in its market share. According to recent data from blockchain analytics firm Dune Analytics, Lido's share has plummeted from a commanding 32% in December 2023 to a modest 29.57%, as of April 4, 2024.

以太坊（Ether）質押市場正在經歷一場變革，一度佔據該領域主導地位的 Lido Finance 的市場份額已大幅下降。根據區塊鏈分析公司 Dune Analytics 的最新數據，Lido 的市佔率已從 2023 年 12 月的 32% 驟降至截至 2024 年 4 月 4 日的 29.57%。

The precipitous drop in Lido's market dominance is attributed to a surge in Ethereum stakers entering the market, offering a compelling alternative to Lido's services. This influx of competitors has alleviated concerns within the Ethereum community regarding Lido's excessive control over the staking landscape.

Lido 市場主導地位的急劇下降歸因於以太坊質押者進入市場的激增，為 Lido 的服務提供了令人信服的替代方案。競爭對手的湧入緩解了以太坊社區對 Lido 對質押環境過度控制的擔憂。

Lido's Commanding Presence Diminishes

麗都的主導地位減弱

Lido has long held a solitary position as the preeminent player in the Ethereum staking market, owing to a lack of formidable competition in the liquid staking solution sphere. By providing users with a convenient platform to stake their Ether and earn passive income, Lido amassed a significant following. Moreover, its expansion into other blockchain ecosystems, including Solana (SOL), further solidified Lido's dominance.

由於流動性質押解決方案領域缺乏強大的競爭，Lido 長期以來一直是以太坊質押市場的傑出參與者。透過為用戶提供一個便利的平台來抵押以太幣並賺取被動收入，Lido 積累了大批追隨者。此外，其向包括 Solana (SOL) 在內的其他區塊鏈生態系統的擴張進一步鞏固了 Lido 的主導地位。

However, the growing popularity of Lido sparked apprehension within the Ethereum community, as it controlled more than 33% of the market. Such a concentration raised concerns that Lido could potentially exert undue influence over the Ethereum blockchain's operations.

然而，Lido 的日益普及引發了以太坊社群的擔憂，因為它控制了超過 33% 的市場。這種集中引發了人們的擔憂，即 Lido 可能會對以太坊區塊鏈的運作產生不當影響。

New Contenders Emerge

新的競爭者出現

The emergence of other major players in the market has significantly altered the competitive landscape. Binance, Coinbase, and Kiln, a dedicated Ethereum staking platform, have emerged as formidable competitors, chipping away at Lido's once-uncontested market share.

市場上其他主要參與者的出現極大地改變了競爭格局。 Binance、Coinbase 和專門的以太坊質押平台 Kiln 已成為強大的競爭對手，正在蠶食 Lido 曾經無可爭議的市場份額。

Coinbase, the reputable cryptocurrency exchange, currently commands 14.04% of the market, while Binance and Kiln hold 3.75% and 3.5%, respectively. These established entities bring their vast user bases and technological prowess to the staking arena, offering users a wider range of options.

著名的加密貨幣交易所 Coinbase 目前佔據 14.04% 的市場份額，而 Binance 和 Kiln 分別佔 3.75% 和 3.5% 的市場份額。這些老牌實體將其龐大的用戶群和技術實力帶入了質押領域，為用戶提供了更廣泛的選擇。

Anonymous Entity Ascends

匿名實體崛起

Intriguingly, the second-largest entity in the Ether staking space remains anonymous, labeled as "unidentified" by Dune Analytics. This enigmatic player currently holds a substantial 16.9% of the market, demonstrating the potential for entities to operate in the shadows of the burgeoning crypto space.

有趣的是，以太坊質押領域的第二大實體仍然是匿名的，被 Dune Analytics 標記為「身份不明」。這個神秘的參與者目前佔據了 16.9% 的市場份額，展示了實體在蓬勃發展的加密貨幣領域運作的潛力。

In total, 26 known entities participate in Ethereum staking, with lesser market shares. Kraken, Bitcoin Suisse, OKX, and Upbit are among the notable exchanges involved in the ecosystem, boasting stakes of 2.4%, 1.6%, 1.2%, and 1.1%, respectively.

總共有 26 個已知實體參與以太坊質押，但市佔率較少。 Kraken、Bitcoin Suisse、OKX 和 Upbit 是參與該生態系統的知名交易所，分別擁有 2.4%、1.6%、1.2% 和 1.1% 的股份。

Crypto Staking Gains Traction

加密貨幣質押獲得關注

The decline in Lido's market share coincides with a surge in interest in crypto staking, as investors seek alternative revenue streams within the industry. Crypto staking platforms offer investors the opportunity to earn passive income by lending their digital assets to support blockchain operations.

隨著投資者在行業內尋求替代收入來源，Lido 市場份額的下降與加密貨幣質押興趣的激增同時發生。加密貨幣質押平台為投資者提供了透過出借數位資產來支持區塊鏈營運來賺取被動收入的機會。

Data from Google Finance reveals that crypto staking rewards have surpassed dividends paid by companies listed in the prestigious S&P 500 index. Digital asset staking platforms outperformed S&P 500 dividends by a remarkable 450%. While traditional companies like Microsoft, Nvidia, and Apple offer average dividend yields of 0.71%, 0.56%, and 0.02%, respectively, crypto staking boasts an impressive average annual return of 6.08%.

谷歌財經的數據顯示，加密貨幣質押獎勵已經超過了著名的標準普爾 500 指數上市公司支付的股息。數位資產質押平台的表現比標準普爾 500 指數股息高出驚人的 450%。雖然微軟、英偉達和蘋果等傳統公司的平均股息殖利率分別為 0.71%、0.56% 和 0.02%，但加密貨幣質押卻擁有令人印象深刻的平均年回報率 6.08%。

Conclusion

結論

The Ethereum staking market is undergoing a profound transformation, as Lido's dominance is challenged by a surge in competition. The entry of major players and the growing interest in crypto staking present a more balanced ecosystem, fostering greater decentralization and choice for Ethereum stakers. As the crypto industry continues to evolve, it remains to be seen how the staking landscape will further develop, but the current shift towards a more competitive and lucrative environment is undoubtedly a positive development for the Ethereum community.

以太坊質押市場正在經歷深刻的變革，Lido 的主導地位受到競爭加劇的挑戰。主要參與者的進入以及對加密貨幣質押日益增長的興趣呈現出一個更加平衡的生態系統，促進了以太坊質押者更大的去中心化和選擇。隨著加密產業的不斷發展，質押格局將如何進一步發展還有待觀察，但當前向更具競爭力和利潤豐厚的環境的轉變對以太坊社群來說無疑是一個積極的發展。