A crypto news story today concerns the liquid staking sector, which has returned to near an all-time high after a $15 billion surge.
Changes to the Ethereum blockchain have contributed to this success.
Crypto news: assets in liquid staking protocols have increased 292% since 2022
Today’s crypto news cannot fail to include the record-breaking liquid staking industry, which has returned to near its all-time high.
One part of the crypto sector — liquid staking — has shaken off a prolonged digital-asset slump to come within touching distance of an all-time high https://t.co/CiIxBVPFdX
— Bloomberg Crypto (@crypto) September 10, 2023
In essence, assets in liquid staking protocols have increased 292% since 2022, registering a $15 billion surge.
This is the sector that involves staking, which is when tokens are staked to contribute to the operation of blockchains, in exchange for rewards.
Overall, DefiLlama showed that the total value of crypto locked in these liquid staki
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