Introduction
The crypto market is still undergoing development and is yet to reach a plateau. Each year, new projects and products are introduced into the space to ensure it attracts more mainstream people to join and enjoy the amazing benefits it offers. Staking has been one of the major ways individuals are investing into the space and liquid staking, a niche product in the staking ecosystem, makes it better. Investors who stake get derivative tokens which they can use to participate in DeFi.
By virtue of being a crypto product and an integral part of an ever evolving market, liquid staking has the potential to grow bigger than it is now. It has been well welcomed by crypto users and staking enthusiasts ever since inception.
Liquid Staking is the Desired Version of Staking
Liquid staking offers a better alternative to staking and that makes it posited for a great uptrend in the future. There are more profits to be earned with liquid staking, investors get liquidity instead of getting assets idle and locked up, they get to throw more support to their favorite blockchain networks and they get to enjoy the benefits of DeFi market. Liquid staking is gaining more popularity among crypto users because of these advantages.
Current Crypto Market Calls for Liquid Staking
The current market situation is also another reason that will make the liquid staking market a huge one. Crypto is in a bear market and people will always look out for ways to maximize their income streams in the ecosystem. Liquid staking provides a very easy and convenient way to earn with the least effort.
Instead of having tokens locked throughout the bear market as stakes, the derivative tokens liquid stakers get can be used in the DeFi market for more profits.
Many People are Exploring Liquid Staking
Though many people have closed their stakes and are cashing out due to the current market situations, the TVLs of staking platforms have remained decent over the past few months and for liquid staking, TVLs are rising even during a bear market.
New assets are increasingly getting added to the liquid staking market and that will drive more attention to the niche market. On August 11, 2022 thousands of people are already liquid staking ATOM on pStake, and the amount of people using pStake to liquid stake their ATOM keeps growing.
Conclusion
Crypto is evolving and is yet to grow more. More platforms are coming to the space and liquid staking is a great crypto product that has come to change the staking economy. More assets are yet to be added to this new ecosystem and more investors are yet to start experiencing its amazing benefits. This gives liquid staking a huge market potential in the crypto ecosystem.
