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Rocketpool Reaches $1 Billion in TVL

Rocketpool Reaches $1 Billion in TVL

The decentralized Ethereum liquid staking protocol Rocketpool has reached a significant milestone as the TVL surpassed $1 billion.

Of this value, $641 million is staked ether, and the remaining $359 million is in the project’s native token RPL.

Currently, Rocketpool holds a 5.64% share of the Ethereum liquid staking market, placing it third behind Lido (74%) and Coinbase (16%).

Darren Langley, the General Manager of Rocketpool, expressed pride in the project’s growth and emphasized their focus on creating the best and safest product possible for both the community and node operators.

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The protocol matches stakers with node operators through a shared liquid staking token and offers yield on staked ether, RPL tokens, and a portion of yield from external parties’ staked ether.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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