Rocket Pool’s liquid staking TVL reaches $1 billion

The value of assets locked in the liquid staking service Rocket Pool has reached $1 billion. Over the past two months, the metric has roughly doubled.

The majority of the tokens involved in the protocol’s TVL are wrapped ETH. The utility token RPL accounts for 36.1% of total TVL.

Rocket Pool’s share of the liquid staking segment is 5.64%. The leader’s share — Lido — 73.51%.

Rocket Pool positions itself as a decentralised protocol that pairs stakers with node operators within a single system. To participate in the process, operators must hold 16 ETH (half the amount required for a Beacon Chain validator), as well as a small amount of RPL.

In the last 30 days, the platform’s utility token rose by 81.4%. RPL’s market capitalization reached $870m, according to CoinGecko.

In January, a non-custodial wallet MetaMask integrated with Lido and Rocket Pool.