.Rocket_Pool profitable for 94% of holders, according to on-chain data
While Lido Finance remains the biggest liquid staking protocol around, Rocket Pool has alsothe Ethereum advantage as it relates to its staking product, following its transition from proof of work to proof of stake .
Data from DeFiLlama showed that the Total Value Locked on Rocket Pool as a liquid staking platform has soared from $564.93 million as of Jan. 1 this year to its all-time high of $1.26 billion as of today, aided in part by its high profileThe approximately 100% growth rate is evident in the hype surrounding Rocket Pool as a DeFi platform and RPL token as a digital currency.
As such, RPL bulls must be watchful for innovations, as an easy switch to competition might prove to be strategic depending on how Rocket Pool evolves.
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