Lido Now Hit A High Record Of TVL Overtaking MakerDAO
Key Points:MakerDAO’s $5.89 Billion and AAVE’s $3.7 billion in TVL, Lido’s liquid staking protocol currently fetches $5.9 Billion in TVL.
$23.2 million was placed on Solana, $43.9million on Polygon, $11 Million on Polkadot and $2.2 million on Kusama.
Procedure for liquid staking. Lido Finance’s total valued locked (TVL), is now ranked #1 among all other decentralized finance (DeFi), protocols. According to statistics from DeFiLlama, Lido Finance claims that $5.8 billion worth ether had been staked as of January 2. The MakerDAO, which oversees Maker protocol, saw its revenue drop to just over $4 million in Q3, a decrease of 86% from the previous quarter. The reduction was attributed to a lack of liquidations and weak loan demand.According to Nansen in September, Lido owned 31% of the ETH that was staked among DeFi during that same month, which is a considerable proportion when compared to big cryptocurrency exchanges Coinbase and Kraken, which held 15% and 8.5% of the cryptocurrency market, respectively.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comThanaCoinCu NewsTags: LidoLido DAOLido DAO FinanceLido FinanceMakerDAOMakerDAO community