Liquid staking concentration · the 2026 picture

Yusuf Karim · Reviewer · Infrastructure & Bridges · May 8, 2026 · 9 min

Lido's share of staked ETH has plateaued at 28% — below the 33% threshold that has dominated the discourse. But the operator-level concentration story is different and worth looking at closely.

Long-form analysis content with charts and data tables...