# LRT market Ethfi vs RENZO

**Published by:** [nanobro](https://paragraph.com/@nanobro/)
**Published on:** 2024-05-27
**URL:** https://paragraph.com/@nanobro/lrt-market-ethfi-vs-renzo

## Content

I sat down to look at the LRT market. I saw interesting numbers, so I’m sharing them (also for my own reference later). The focus will be on @ether_fi and @RenzoProtocol , which are the market leaders. Currently, etherfi holds 42% of the market, followed by Renzo at 30%, while others have relatively small shares. Renzo has grown significantly from 18% in January 2024, and eETH has been overtaken, dropping from 50%.ethfi $5.1, mcap 590m, fdv 5.13b rez $0.13, mcap 152m, fdv 1.15b You can see that ethfi's market cap is almost 4 times higher, even though it only dominates the LRT market 1.3x more. 👉 This means ethfi has a very high leader premium. Renzo, ranked second, has quite attractive stats but a very low price (is it too low?). If there's an opportunity in the future, Adnano might move from ethfi to rez. The final very interesting point is: Renzo, which holds 30% of the LRT market share, far ahead of the third place with only 13.6%, has a market cap of just 150m. 👉 It's concerning whether puff and swell will flop and what their market cap will be. 👉👉 Farming these two should expect rewards from participating L2s. ref https://dune.com/hashed_official/lrt Enjoy this? follow for more at @gadgeteerth @0x_nanobroSubscribe

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