随着 Lido 的统治在日益激烈的竞争中衰落，以太坊的质押场景发生了变化

以太坊质押领域的主导者 Lido 的市场份额从 32% 下降至 29.57%。新以太坊质押者的激增削弱了 Lido 的市场主导地位。 Binance、Coinbase 和 Kiln 等其他主要参与者的出现，创造了更具竞争力的质押格局。值得注意的是，一个身份不明的实体占据了 16.9% 的市场份额。这种转变反映出人们对加密货币质押的兴趣日益浓厚，其回报超过了标准普尔 500 强公司支付的股息。

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

以太坊质押格局发生变化：随着竞争的加剧和加密货币质押兴趣的增加，Lido 的主导地位逐渐减弱

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）质押市场正在经历一场变革，一度占据该领域主导地位的 Lido Finance 的市场份额已大幅下降。根据区块链分析公司 Dune Analytics 的最新数据，Lido 的份额已从 2023 年 12 月的 32% 骤降至截至 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 市场主导地位的急剧下降归因于以太坊质押者进入市场的激增，为 Lido 的服务提供了令人信服的替代方案。竞争对手的涌入缓解了以太坊社区对 Lido 对质押环境过度控制的担忧。

Lido's Commanding Presence Diminishes

丽都的主导地位减弱

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.

由于流动性质押解决方案领域缺乏强大的竞争，Lido 长期以来一直是以太坊质押市场的杰出参与者。通过为用户提供一个便捷的平台来抵押以太币并赚取被动收入，Lido 积累了大批追随者。此外，其向包括 Solana (SOL) 在内的其他区块链生态系统的扩张进一步巩固了 Lido 的主导地位。

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 的日益普及引发了以太坊社区的担忧，因为它控制了超过 33% 的市场。这种集中引发了人们的担忧，即 Lido 可能会对以太坊区块链的运营产生不当影响。

New Contenders Emerge

新的竞争者出现

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.

市场上其他主要参与者的出现极大地改变了竞争格局。 Binance、Coinbase 和专门的以太坊质押平台 Kiln 已成为强大的竞争对手，正在蚕食 Lido 曾经无可争议的市场份额。

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.

著名的加密货币交易所 Coinbase 目前占据 14.04% 的市场份额，而 Binance 和 Kiln 分别占据 3.75% 和 3.5% 的市场份额。这些老牌实体将其庞大的用户群和技术实力带入了质押领域，为用户提供了更广泛的选择。

Anonymous Entity Ascends

匿名实体崛起

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，以太坊质押领域的第二大实体仍然是匿名的，被 Dune Analytics 标记为“身份不明”。这个神秘的参与者目前占据了 16.9% 的市场份额，展示了实体在蓬勃发展的加密货币领域运营的潜力。

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.

总共有 26 个已知实体参与以太坊质押，但市场份额较少。 Kraken、Bitcoin Suisse、OKX 和 Upbit 是参与该生态系统的知名交易所，分别拥有 2.4%、1.6%、1.2% 和 1.1% 的股份。

Crypto Staking Gains Traction

加密货币质押获得关注

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.

随着投资者在行业内寻求替代收入来源，Lido 市场份额的下降与加密货币质押兴趣的激增同时发生。加密货币质押平台为投资者提供了通过出借数字资产来支持区块链运营来赚取被动收入的机会。

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%.

谷歌财经的数据显示，加密货币质押奖励已经超过了著名的标准普尔 500 指数上市公司支付的股息。数字资产质押平台的表现比标准普尔 500 指数股息高出惊人的 450%。虽然微软、英伟达和苹果等传统公司的平均股息收益率分别为 0.71%、0.56% 和 0.02%，但加密货币质押却拥有令人印象深刻的平均年回报率 6.08%。

Conclusion

结论

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.

以太坊质押市场正在经历深刻的变革，Lido 的主导地位受到竞争加剧的挑战。主要参与者的进入以及对加密货币质押日益增长的兴趣呈现出一个更加平衡的生态系统，促进了以太坊质押者更大的去中心化和选择。随着加密行业的不断发展，质押格局将如何进一步发展还有待观察，但当前向更具竞争力和利润丰厚的环境的转变对以太坊社区来说无疑是一个积极的发展。