Liquid Staked Ether (WBETH) on Binance Sees $500M Influx After the Crypto Exchange Shuffles Assets

With 1.2 million ETH stakes, Binance is one of the largest players on Ethereum’s staking network behind Lido Finance and Coinbase, according to crypto investment firm 21Shares’ Dune dashboard. Now, WBETH represents about 765,000 of the staked assets, per data by DefiLlama.