AAVE outperforms LDO as TVL reaches YTD high, more inside
Though Lido underperformed, its TVL hit 2023 highs.gained as much as 8.69% in the week ended 25 March. The rise in unique smart contract deposits made the protocol the best-performing one as the overall TVL hit $5o.01 billion — a Year-To-Date high. However, the TVL fell to $49.
42 billion at press timeThe TVL considers factors like the circulating supply, asset locked, as well as user interest in a protocol to measure the protocol’s health. So,Source: DeFi Llamathe space for several weeks before Aave took over. Although the liquid staking protocol maintained its stay as the project with the highest TVL, it did not perform well enough to place second-fiddle to Aave.
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