Lido TVL surges: How did Ethereum, Solana help?


19 Sep 2023 7:30 PM

As Ethereum and Solana deposits climb on Lido, the Ethereum staking platform sees a rally in TVL....

  • The TVL (total value locked) of Lido, a liquid staking protocol for Ethereum, increased slightly in the past week due to growth in ETH and Solana deposits.
  • Between September 11 and 18, ETH and SOL deposits on Lido grew by 0.53% and 8% respectively, resulting in a 1% growth in TVL.
  • Lido's TVL currently stands at around $14.35 billion, with a 3.11% rally in the last month.
  • Lido led as the protocol with the most net new deposits to the Ethereum Beacon Chain during the period under review.
  • The APR (Annual Percentage Rate) of Lido's staked Ether (stETH) saw a minor decline of 2% on a seven-day moving average.
  • The amount of wrapped staked Ether (wstETH) deposited for trades across DeFi pools increased by 0.08% within the period.
  • Interest in Lido's token (LDO) in the futures market has remained low since the beginning of the month, with Open Interest fluctuating between $37 million and $40 million.

The article provides a mix of positive and neutral information about Lido's TVL growth and deposit activity, but mentions low interest in LDO in the futures market.

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You May Ask

What contributed to the increase in Lido's TVL in the past week?How much did ETH and SOL deposits grow on Lido during the reviewed period?What is the current TVL of Lido and how has it performed in the last month?Which protocol led in net new deposits to the Ethereum Beacon Chain?How has Lido's stETH APR trended since May?

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