Crypto staking platform Lido Finance recorded the highest Total Value Locked (TVL) among DeFi protocols.
Data from DeFiLlama revealed that Lido’s TVL hit $5.98B in the last 24 hours, thus surpassing the TVL of MakerDAO and Aave.
#Lido overtakes #MakerDAO to be the largest DeFi protocol in terms of TVL!
— Whale Coin Talk (@WhaleCoinTalk) January 2, 2023
Are you an active #DeFi enthusiast?
Let us know about your top DeFi picks for 2023#Staking #MKR #Cryptocurrency pic.twitter.com/rchMOlJdI8
Similarly, statistics from Dune Analytics showed that Lido manages the majority of Ethereum (ETH) validator nodes, with the platform controlling 29.12% of the staked ETH market share.
Lido also holds the highest amount of Ethereum assets locked in its platform. As of writing, the staked Ether tokens on Lido’s platform amount to $5.86B. Lido holds the remaining $84.36M as staked Solana (SOL), Polygon (MATIC), Kusama (KSM), and Polkadot (DOT) assets.
Get Our Free Newsletter
Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox
Furthermore, Lido DAO’s native token, LDO, has seen an uptrend in its prices over the last 10 days. LDO is currently valued at $1.15, up by 14.9% within the past 24 hours.



