CoinDesk reports that Asia-based digital asset investment firm Hashkey Capital, part of the Hashkey Group, anticipates the Ethereum (ETH) Liquid Staking Derivatives (LSD) market to double in size within the next two years, with about $24 billion of deposits locked up in LSD. The report reveals that the total value locked (TVL) in the Ethereum LSD market this year surpassed $22 billion, with the total market cap of all LSD projects around $18 billion. Furthermore, ETH linked to LSD is projected to account for 31%-45% of the total Ethereum supply by the end of Q2 2025.
