Lido remains the number one DeFi project with the highest TVL. Staking APR on the platform has, however, fallen consistently. With a 16.77% market share of the $47.2 billion worth of crypto assets locked on several decentralized finance (DeFi) protocols, Lido Finance (Lido) retains its spot as the leading project with the highest total value […]
Staking APR on the platform has, however, fallen consistently.
, Lido’s TVL at press time was $7.92 billion and was closely followed by MakerDAO, which had a TVL of $7.09 billion.for the Ethereum network might have contributed to a jump in the value of assets locked on Lido.published in December by blockchain analytics platform Nansen, staking solutions have been highly sought after since Ethereum’s transition to a proof-of-stake consensus mechanism in September 2022.
Additionally, the sustained increase in the demand and usage of stETH, a tokenized version of staked Ether native to Lido, further solidified the protocol’s position as the DeFi project with the largest TVL.State of ETH staking on Lido, Lido’s share of the ETH staking market was 29.36% at press time. So far this year, this has oscillated between 29.25% and 29.37%.While Lido remains the most preferred platform for ETH staking, its market share has declined consistently since May 2022.
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