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Lido Takes the Lead in the DeFi TVL Space

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According to the report, according to the data of DeFi Llama, the deFi TVL of the whole network reached 49.9 billion US dollars, an increase of about 11% over …

Lido Takes the Lead in the DeFi TVL Space

According to the report, according to the data of DeFi Llama, the deFi TVL of the whole network reached 49.9 billion US dollars, an increase of about 11% over the previous month. Among them, Lido accounts for 17.69% of the total pledge of the whole network, TVL is 8.83 billion US dollars, and the amount of pledge lockup on Ethereum accounts for about 99%.

Data: DeFiTVL of the whole network is nearly US $50 billion, an increase of about 11% over the previous month

Interpretation of the news:


The world of DeFi continues to expand rapidly, as evidenced by the latest data from DeFi Llama. According to the report, the total value locked (TVL) in the entire DeFi network reached 49.9 billion US dollars, marking an increase of 11% from the previous month. This growth is expected to continue as more investors try to take advantage of the potential returns offered by DeFi.

Notably, Lido stands out in this space, accounting for 17.69% of the total pledge of the entire network. Currently, TVL in Lido has reached 8.83 billion US dollars, showing just how much interest there is in this DeFi project. In fact, Lido has become the most trusted staking infrastructure platform for ETH 2.0. By offering a simple-to-use and secure gateway to ETH 2.0 staking, Lido has become the go-to platform for thousands of investors.

The data also shows that Ethereum remains dominant in the DeFi space, as over 99% of the pledge lockup is currently found on the Ethereum platform. This underscores the strength of the Ethereum network in this space and also highlights the growing importance of DeFi projects.

Overall, this report offers valuable insights into the world of DeFi, showing the increasing growth of the industry despite the volatility of cryptocurrencies. Lido’s impressive performance in the DeFi TVL space is a testament to the innovations driving the DeFi market and investor confidence in the sector, while Ethereum’s continued dominance signals the importance of this platform in the future development of DeFi.

In sum, DeFi continues to be one of the most exciting areas of crypto, with Lido at the forefront of growth and development, and Ethereum’s platform acting as the foundation. As the market evolves, so too will DeFi, and investors and traders alike will want to stay tuned for what may come next.

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