Lido's Dominance in Liquid Staking on Ethereum Does Not Extend to Solana
Lido has established itself as the dominant liquid staking provider on Ethereum due to its solid security track record and the Lindy effect. However, Lido's success has not translated to other blockchains like Solana. Solana faces a chicken-and-egg problem with liquid staking popularity and has yet to see a provider take off like Lido. The younger and less established market of Solana presents more opportunities for competition and growth
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Lido's Dominance in Liquid Staking on Ethereum Does Not Extend to Solana
Lido has established itself as the dominant liquid staking provider on Ethereum due to its solid security track record and the Lindy effect. However, Lido's success has not translated to other blockchains like Solana. Solana faces a chicken-and-egg problem with liquid staking popularity and has yet to see a provider take off like Lido. The younger and less established market of Solana presents more opportunities for competition and growth