Liquid staking protocol Lido DAO is poised to hit a significant milestone of 10 million Ethereum (ETH) staked as the ecosystem experiences a surge in usage.
This growth coincides with an increased interest from validators looking to participate in ETH staking.
10 Million ETH Staked in Lido DAO
On-chain data from DeFiLlama shows that Lido DAO is on the verge of surpassing 10 million ETH staked.
Currently, the DeFi protocol holds an impressive 9.49 million ETH, representing 72% of all liquid-staked Ethereum, valued at around $21.76 billion. These numbers reflect a notable growth trajectory for the protocol during the past year, with Lido DAO’s total value locked (TVL) nearly doubling from 5 million in February 2023 to its current standing.
The collective liquid-staked Ethereum within the sector has witnessed a substantial increase as well to 13.10 million ETH, valued at $30.12 billion.
Read more: 11 Best DeFi Platforms To Earn With Lido’s Staked ETH (stETH)
Go to Source to See Full Article
Author: Oluwapelumi Adejumo
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
