On Monday, Binance introduced the company’s new ethereum based liquid staking product called WBETH.
Binance Launches Ether-Based Liquid Staking Product WBETH to Rival Liquid Staking Competitors
In an announcement made on April 24, Binance, the cryptocurrency exchange with the largest trade volume, unveiled its latest staking product, wrapped beacon eth . This new addition to Binance’s staking solutions is built on the Ethereum network, joining the ranks of other competing liquid staking products such as Lido, Coinbase, Rocket Pool, and Frax.Liquid staking products based on Ethereum have been gaining popularity over the past two years. According to defillama.
Coinbase’s wrapped ether product comes in second with $2.19 billion locked, followed by Rocket Pool with $983.26 million, Frax with $297.09 million, and Stakewise with $163.98 million. Binance has
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