The amount of ETH staked through liquid staking platforms has been steadily increasing since the beginning of 2023, with liquid staking now holding 36% of the total ETH staking market share. Despite the drop in ETH's value by over 60% from its peak in 2022, the demand for staking has continued to rise, particularly due to the much-awaited Shapella upgrade and the addition of a withdrawal feature. Liquid staking protocols have emerged as the dominant option, with Lido Finance being the largest DeFi protocol with a TVL of $14.76 billion and its native token, LDO, experiencing a 7.45% gain in the last 30 days.