Lido, Rocket Pool Skyrocketing After Shapella Upgrade

Shapella upgrade is causing Liquid Staking Tokens to skyrocket: Details

Ethereum prices crossed $2000 for the first time in eight months after the Shapella upgrade.

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The bullishness on Ethereum has resulted in a drastic shift in the broader cryptocurrency ecosystem.

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The shift is very much visible in the liquid staking tokens like Lido, Rocket Pool, Frax Share, etc.

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LSTs are receipt tokens that allow users to directly participate in staking while also maintaining the ability to use their LST elsewhere in DeFi

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Lido is far and away the most popular LST and has increased in price by more than 10% in the past 24 hours.

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Rocket Pool has increased in price by more than 19%, making it the greatest increase among major LSD protocols in the past 24 hours.

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Frax Share’s FXS token has increased by nearly 9% in the past 24 hours. It has nearly 2% of the liquid staking market share.

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