JPMorgan: A decline in Lido's market share could potentially protect Ethereum from being classified as a security

JPMorgan analysts stated that the market share of Lido, the largest liquidity staking protocol on Ethereum, has declined, indicating that Ethereum may avoid being classified as a security in the future. The share of Lido in staked ETH has further dropped from about one-third a year ago to approximately one-fourth now. This should reduce people's concerns about the centralization of the Ethereum network and increase the likelihood of Ethereum avoiding designation as a security in the future.