According to Odaily, a report by Node Capital reveals a substantial increase in the popularity of Liquidity Re-Staking Tokens (LRT) protocols, which has impacted the Total Value Locked (TVL) in other DeFi sub-sectors. The report indicates that by June 20, the TVL for LRT had surged to $13.812 billion, a significant rise from $1.643 billion at the beginning of the year. This growth underscores the rapid adoption and trust in LRT within the DeFi ecosystem.

Ether.fi continues to dominate the LRT market, holding approximately 50% of the market share, equivalent to $6.52 billion. Other notable participants in the LRT space include Renzo, Puffer, and Kelp. The report also highlights that while LRT protocols have experienced explosive growth, some Liquidity Staking Token (LST) protocols have seen substantial outflows of ETH.

The report suggests that for an industry fundamentally based on decentralization but still dominated by centralized entities, LRT protocols might be the key to fostering a transition towards true decentralization.