This comes after RPL's listing on Binance, one of the world's largest cryptocurrency exchanges, which has exposed the token to more liquidity and created an avenue for increased adoption.
Rocket Pool's Impact on ETH Staking
Rocket Pool is a decentralized ETH staking protocol run by the community. It launched in November 2021 and quickly became the second-largest Ethereum staking provider. The platform has grown to 370,784 staked ETH by 2,006 node operators. One of the main draws of Rocket Pool is that it allows smaller investors to participate in ETH staking by pooling their resources and forming a node.
RPL's Sustained Rally
RPL has been on a sustained rally since the beginning of the new year. The surge was boosted by its listing on Binance, which is believed to have exposed RPL to more liquidity, creating an avenue for increased adoption. Additionally, WhaleStats report that whale activity could play a role in the Rocket Pool's rising profile. The token has earned a profit of more than 100% of the original value so far this year.