Summary: Deposits into liquid staking protocols like Lido Finance grew to over $14 billion on Monday, as Ethereum’s upgrade for staked withdrawals draws nearer. Liquid staking now boasts crypto’s second-largest industry, topping lending markets in terms of total value locked. The hype around Ethereum’s Shanghai update and staked Ether withdrawals has seemingly boosted liquidity and interest in liquid staking services. Ahead of Ethereum’s Shanghai upgrade expected in March 2023, deposits into liquid staking protocols significantly increased to over $14 billion.
