JPMorgan Says Ethereum Could Avoid 'Security' Label Amid Decreasing Lido Share

The declining market share of Lido, Ethereum's ETH/USD largest liquid staking protocol, indicates that Ethereum would likely avoid being classified as a security in the future, according to JPMorgan analysts. "The share of Lido in staked ETH has decreased further from around one third a year ago to around a quarter at the moment" JPMorgan analysts, led by Nikolaos Panigirtzoglou, wrote in a report on Wednesday. "This should reduce concerns about concentration in the Ethereum network, thus raising the chance that Ethereum will avoid being designated as security in the future."

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