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.
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.