Lido Emerges as Dominant Player in Liquid Staking Tokens Battle with Ethereum Shanghai Upgrade, Big Eyes Coin Ends Presale Strong

The upcoming Ethereum Shanghai fork, scheduled for April 12, is poised to unlock over 18 million staked ether (~$34.2 billion) and ignite what I predict will be a fierce competition among liquid staking protocols, aptly named the "Liquid Staking Wars." This battle for supremacy in the liquid staking space is expected to have a profound impact on the decentralized finance (DeFi) ecosystem as a whole.

Liquid Staking Wars Will Begin By Early May

For those of us who remember the DeFi Summer, the Curve Wars come to mind – the cutthroat competition among emerging stablecoin protocols vying for the deepest liquidity and widest range of liquidity pairings on the Curve DEX. However, the Liquid Staking Wars have a unique element – the imminent Shanghai upgrade that will enable liquidity providers (LPs) to easily and inexpensively unstake ETH from one LST protocol and transfer it to another.

The first skirmishes of the Liquid Staking Wars will take place by early May, with LST protocols battling to capture the most total value locked (TVL) and volume for their tokens. The protocol that can attract the most liquidity and market share will likely emerge victorious in this battle, reshaping the landscape of all crypto pairs across various decentralized exchanges (DEXs).

Lido Seems Like a Frontrunner in LST War

While LidoDao (LDO), currently holding a dominant market share of approximately 75% in LST TVL, may seem like the frontrunner in the Liquid Staking Wars, other contenders such as Frax, Coinbase, Rocket Pool, and upcoming protocols that are yet to launch, are actively vying for the top spot as the preeminent ETH replacement.

Despite market conditions slowing down, there has been a notable trend of higher receiving addresses compared to sending addresses, indicating a lack of significant sell pressure, as observed on Glassnode. Investors who have staked their ETH through Lido, for instance, can anticipate withdrawals to be available no earlier than early May.

However, it's worth noting that the preparation of Lido's V2 testnet and completion of multiple security audits for its V2 upgrade won't coincide with the Shapella software upgrade on April 12, which is set to enable ETH withdrawals. The winners and losers in the Liquid Staking Wars will ultimately be determined by the strategic deployment of tactics on the battlefield, just like in any war.

Big Eyes Coin ends Presale with The Biggest Bonus

Big Eyes Coin (BIG), the latest addition to the frenzy of meme coins, has gained significant popularity during its presale phase. The token's unique concept and promising potential have attracted a large number of buyers, with investors showing great enthusiasm for Big Eyes Coin's presale and displaying confidence in its future success. As the presale comes to a close on June 3, the strong demand for BIG indicates that the token is well-positioned for a successful launch and a promising future. The presale of Big Eyes Coin has been a remarkable success, raising over $33.5 million from eager investors. Despite the impressive gains already seen, with the current price at $0.00053 in Stage 13, investors are anticipating even greater returns with the launch price set at $0.0006.

Big eyes Coin has launched its biggest ever bonus code to mark the culmination of their successful presale. The code END300 when used at the checkout, will give the user 300% bonus. So if you buy $1000 BIG you get $4000 BIG. The users can also use Bitcoin, ETH, BNB, USDT-TRC20, USDT-ERC20, BUSD, DOGE and very soon TRX to snap up $BIG in the presale.

This time-limited offer reflects the cryptocurrency's belief in its future prospects and commitment to rewarding early investors, making it a strategic choice for those seeking to maximise their investment in Big Eyes Coin and capitalise on the upcoming bull run market. The strong performance of Big Eyes Coin during its presale could potentially position it to challenge the dominance of more established meme coins, setting the stage for an exciting battle in the next bull run market.

The intense competition among liquid staking protocols brought about by the Ethereum Shanghai fork is expected to drive innovation, improve LP strategies, and reshape the landscape of crypto pairs on DEXs. As LPs and protocols vie for market share and liquidity, the DeFi industry as a whole stands to benefit from increased competition and the potential for higher yields. The outcome of the Liquid Staking Wars remains to be seen, but it is clear that this battle for dominance in the liquid staking space will have a lasting impact on the broader DeFi ecosystem.

Big Eyes Coin (BIG)

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Opensea: https://opensea.io/collection/big-eyes-lootbox-cards