Lido 的市場主導地位減弱，引發以太坊去中心化擔憂

Lido Finance（LDO）是最大的流動性質押協議，因其在以太坊（ETH）質押市場份額下降而面臨審查。以太坊倡導者 Evan Van Ness 在最近的社群媒體貼文中強調了這一下降，理由是擔心 Lido 的潛在主導地位及其對以太坊去中心化的影響。數據分析證實了麗都股價的下降，引發了人們對這項轉變背後原因的猜測。

Lido's Market Dominance Wanes, Raising Concerns of Ethereum Decentralization

Lido的市場主導地位減弱，引發對以太坊去中心化的擔憂

Overview:

概述：

Lido Finance, the predominant liquid staking protocol for Ethereum, has witnessed a notable dip in its market share over the past few months. This decline has sparked discussions regarding the potential implications for Ethereum's decentralization.

Lido Finance 是以太坊主要的流動質押協議，在過去幾個月中其市場份額顯著下降。這種下降引發了以太坊去中心化潛在影響的討論。

Lido's Market Share Declines:

麗都的市佔率下降：

Data from Dune Analytics corroborated claims that Lido's market share in ETH staking has indeed diminished. In September 2023, the protocol commanded a towering 32.37% share, but that number had dwindled to 30.36% at the time of a recent social media post by Ethereum advocate Evan Van Ness.

Dune Analytics 的數據證實了 Lido 在 ETH 質押市佔率確實有所下降的說法。 2023 年 9 月，該協議佔了高達 32.37% 的份額，但在以太坊倡導者 Evan Van Ness 最近在社群媒體上發文時，這一數字已降至 30.36%。

Decentralization Concerns:

權力下放的擔憂：

Evan Van Ness, a prominent figure in the Ethereum community, has been vocal about his concerns over Lido's growing dominance in the staking sector. In September 2023, he characterized Lido as a potential threat to Ethereum's decentralization, citing the critical threshold of 33% market share, beyond which a single entity could theoretically manipulate the network's operations.

以太坊社區的知名人物 Evan Van Ness 一直直言不諱地表達了他對 Lido 在 stake 領域日益增長的主導地位的擔憂。 2023 年 9 月，他將 Lido 描述為對以太坊去中心化的潛在威脅，並引用了 33% 市場份額的關鍵閾值，理論上，超過這個閾值，單個實體就可以操縱網路的運作。

The Rise of Liquid Restaking Platforms:

Liquid 重新抵押平台的興起：

The entry of liquid restaking platforms like Ether.fi has posed a challenge to Lido's market dominance. These platforms offer alternative options for ETH holders seeking to earn staking rewards while maintaining liquidity.

Ether.fi 等流動性重新抵押平台的進入對 Lido 的市場主導地位構成了挑戰。這些平台為 ETH 持有者提供了另一種選擇，他們希望在保持流動性的同時獲得質押獎勵。

Lido's Token Gains Momentum:

Lido 的代幣勢頭強勁：

Despite the decline in market share, Lido's native token, LDO, has exhibited bullish momentum in recent weeks. CoinMarketCap data indicates a 1.42% increase in value over the past 24 hours, continuing a surge that saw LDO emerge as one of the top weekly gainers in the cryptocurrency market.

儘管市場份額有所下降，但 Lido 的原生代幣 LDO 在最近幾週表現出了看漲勢頭。 CoinMarketCap 數據顯示，過去 24 小時內價值上漲 1.42%，繼續飆升，LDO 成為加密貨幣市場每週漲幅最大的股票之一。

Historical Perspectives:

歷史觀點：

Concerns over Lido's centralization are not entirely new. Ethereum Foundation researcher Danny Ryan expressed similar apprehensions in 2022. Lido's dominance is attributed to its user-friendly interface, which simplifies the staking process for ETH holders.

對麗都集中化的擔憂並不是什麼新鮮事。以太坊基金會研究員 Danny Ryan 在 2022 年也表達了類似的擔憂。Lido 的主導地位歸因於其用戶友好的介面，簡化了 ETH 持有者的質押流程。

Shapella Upgrade and Market Growth:

Shapella 升級與市場成長：

The activation of the Shapella Upgrade last year, enabling ETH withdrawals, provided a boost to Lido's deposits and contributed to its expanding market share. However, the recent decline suggests that the competitive landscape for liquid staking services is evolving.

去年 Shapella 升級的激活，實現了 ETH 提現，增加了 Lido 的存款量，並擴大了其市場份額。然而，最近的下降表明流動質押服務的競爭格局正在改變。

Conclusion:

結論：

Lido's declining market share in ETH staking has raised questions about the protocol's impact on Ethereum's decentralization. While the drop is relatively small, it serves as a reminder of the importance of maintaining a diverse and competitive ecosystem for network security and the preservation of blockchain principles. The emergence of liquid restaking platforms and the ongoing developments in the staking landscape will continue to shape the dynamics of this critical aspect of Ethereum's infrastructure.

Lido 在 ETH 質押市場份額的下降引發了人們對該協議對以太坊去中心化影響的質疑。雖然下降幅度相對較小，但它提醒我們維持多樣化和有競爭力的生態系統對於網路安全和維護區塊鏈原則的重要性。流動性重新抵押平台的出現以及抵押貸款領域的持續發展將繼續塑造以太坊基礎設施這一關鍵方面的動態。