The total value locked (TVL) in Lido, a leading liquid staking protocol, has surpassed $30 billion, marking a significant milestone for the platform. This achievement was highlighted by multiple sources, including a direct announcement from Lido Finance. In addition, Lido's staked Ether (stETH) has overtaken XRP to become the sixth-largest cryptocurrency by market cap, which now stands at over $31 billion. Lido Finance provided further insights into its performance for the week of February 19 - 26, 2024, noting an 8.74% increase in TVL to 9.8 million ETH, equivalent to approximately $30.7 billion. The platform also reported a 7-day annual percentage rate (APR) of 3.37% for stETH, with 21,984 ETH deposited through Lido in the last week. Moreover, the wrapped stETH (wstETH) transferred to Layer 2 (L2) networks saw a 1.02% increase, reaching 142,501 wstETH. The 7-day trading volume for (w)stETH was reported at $1.16 billion. Additionally, it was noted that approximately $100 billion worth of ETH is now staked on the Beacon Chain, representing about 26% of the total ETH supply. The $LDO token also hit a new milestone with $30 billion in ETH staked.
There is now ~$100 billion worth of ETH staked on the Beacon Chain This represents ~26% of the current total ETH supply
π Lido Analytics: February 19 - 26, 2024 TLDR: - TVL up +8.74% to Ξ9.8m ($30.7b). - stETH 7d APR at 3.37%. - 21,984 ETH deposited through Lido. - wstETH to L2 up +1.02% to 142,501 wstETH. - (w)stETH 7d trading volume at $1.16b. https://t.co/wPrHEBhuks
ICYMI: Total value locked in liquid staking protocol Lido surpasses $30 billion https://t.co/63yGorPsPH
Lido Staked Ether has surpassed XRP to become the sixth-largest cryptocurrency, with a market cap of over $31 billion https://t.co/BKGY50EoAu
JUST IN: @LIDOFINANCE $LDO HITS $30 BILLION IN $ETH STAKED
Total value locked in liquid staking protocol Lido surpasses $30 billion https://t.co/nHpBwzYPXP