Ethereum Remains Dominant Amidst Major Impacts to DeFi Ecosystem

December 9, 2022, 8:23PM EST

• 9 min read

Quick Take

Ethereum continues to be the largest DeFi ecosystem by far, and has consequently endured significant impacts from the collapse of FTX and Alameda
The decrease in liquidity across a large majority of DeFi protocols has been palpable, with some of the withdrawals appearing to have been performed by Alameda directly
Meanwhile, both staked ETH and liquid-staked ETH continue to rise as new estimates emerge for the upcoming Ethereum Shanghai upgrade in 2023, which would unlock the ability for validators to withdraw their staked ETH

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Source: https://www.theblockresearch.com/layer-by-layer-ethereum-remains-dominant-amidst-major-impacts-to-defi-ecosystem-193841?utm_source=rss&utm_medium=rss