Liquid Staking

when you stake your $MATIC, you don’t have access or any proof that you have that amount of $MATIC but staked, liquid staking helps you to solve this. after you staked your $MATIC, it gives you back equivalent tokens which are your ownership proof.

Scopes

1. Total Already Staked Volume in each Protocol
2. changes in Staked Amount overtime and Daily Net Flow per Protocol
3. Number of Stakers and Stake Transactions
4. Top Platforms that people use these Liquid derivatives

✨ Stakers

• Lido with 1403 Unique Staker and 1882 Staking Transaction is the most used Protocol
• the second top protocol is ClayStack with 987 Stakers and 1154 Staking Transaction
• the other two platforms are much lower than these

🟠 Observations

• The oldest Protocols are Lido and ClayStack which started in Feb and May 2022
• Lido is the biggest protocol with 48.4M Staked $MATIC, the second platform is Stader with 4.8M $MATIC
• The ClayStack and Ankr Staked Volume didn’t change much over time, and the most growing protocol are Lido and ClayStack
• The Stader Total Stake Volume spiked in September 2022 and peaked at 26.2M $Matic which is the highest volume in a week for any Platform.

💡 Conclusion

• The oldest Protocols are Lido and ClayStack which started in Feb and May 2022

• Lido is the biggest protocol with 48.4M Staked $MATIC, the second platform is Stader with 4.8M $MATIC

• The Stader Total Stake Volume spiked in September 2022 and peaked at 26.2M $Matic which is the highest volume in a week for any Platform.

• The Anker Usage is too low

• The most Used Platform by number of transactions is QuickSwap with 50% of total transactions to Swap Liquid Matic to other Assets, Balancer and Unisawp are the Second and Third Top Platforms

• Most of These use cases are in DEX Sector, and also some of them are in the Defi sector

• Lido with 1403 Unique Staker and 1882 Staking Transaction and ClayStack with 987 Stakers and 1154 Staking Transaction are the most used Protocol

Method

• I found the staked amount by tracking transfers to/from platform addresses.
• there are 4 big Liquid Staking Platforms, Lido, ClayStack, Stader, Ankr
• Top Platforms are the platforms that users interacted with the most by their Liquid Tokens.

🟠 Observations

• The Anker Usage is too low, so we don’t have its specific Chart here
• in all protocols, the QuickSwap is the top Platform that has been used
• for Stader, the Stader Labs and Balancer are the next Top protocols
• Uniswap, KyberSwap, and Balancer for Lido, and Metamask for ClayStack are the next top protocols

✨ Top Platforms

• The most Used Platform by number of transactions is QuickSwap with 50% of total transactions to Swap Liquid Matic to other Assets
• Balancer and Unisawp are the Second and Third Top Platforms
• Most of These use cases are in DEX Sector, and also some of them are in the Defi sector