Who's winning the LSDfi war? A quick recap.

Liquid Staking DeFi [LSDfi] has been generating significant interest in the blockchain sector, with a growth of 102% in three weeks and potential market size of $16.9 billion.

With Ethereum staking on the rise, LSDfi's total value locked [TVL] has doubled from $200 million to $400 million, driven by new protocols like Swell Network, MAV Protocol, and Raft Finance. Lybra Finance, despite an 80% token drawdown, leads in LSDfi market share, while Raft Finance quickly reached fifth place.

Dominant liquid staking tokens [LSTs] include wstETH and stETH, which account for over 85% of the market share. Raft Finance's stablecoin, $R, has captured 24% of the LSDfi stablecoin market. Despite a few setbacks, the rapid expansion suggests a promising future for the LSDfi industry.