Lido, Ethereum’s liquid staking protocol, reached $30.56 billion in total value locked (TVL) on February 26, according to data from The Block’s Data Dashboard.
Lido has had a steady increase in TVL since around July 2022, with Lido’s last major peak in TVL being $20.83 billion on April 5, 2022, a month before the Terra USD ecosystem collapsed.
TVL is the amount of capital invested or “locked” within a decentralized financial protocol. Lido is the leading liquid staking protocol, with Rocket Pool close behind at $3.8 billion in TVL.
Lido’s high TVL makes Lido the largest validator on the Ethereum blockchain, controlling 32% of the Ether staked.
refer : theblock.co
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