Lido Finance Sees Major Growth with $109B in Staked ETH

Share on Facebook Share on Twitter

The Essentials in Brief

Lido Finance, a leading liquid staking protocol, has reached remarkable heights in the past month. The fees and revenues reached their peak, as did the total value locked (TVL) and the annual staking return (APR). This increase is mainly due to the increase in the amount staked in Ethereum.

Lido Finance: A Month of Growth

According to data from DefiLlama, Lido Finance ended February with the highest fees and revenues ever. This was due to the significant increase in the amount of Ethereum (ETH) that was staked in the last month. The total amount of staked ETH increased by almost 10% during this period. As of the press release, 31.5 million ETH were staked, equivalent to about 109 billion dollars.

Rising Fees and Revenues

The transaction fees on Lido totalled 80 million dollars in February. This marks an increase of 10% compared to the transaction fees of 73 million dollars recorded in January. The revenues generated from these fees amounted to 8.02 million dollars in this 29-day period, representing an increase of 9% compared to January.

Increased Staking Leads to Value Growth

The increased staking activity led to an increase in Lido’s total value locked (TVL). According to DefiLlama, the TVL of the liquid staking protocol increased by 57% in the last month. As of the press release, Lido’s TVL was 34 billion dollars, maintaining its position as the largest DeFi protocol by TVL.

Our Assessment

The recent developments at Lido Finance underline the growing importance of staking in the crypto world. The rising fees and revenues, coupled with the increase in TVL and APR, show that more and more investors are recognizing and utilizing the potential of staking. This could also be an indicator of the overall growth and maturity of the DeFi sector.

Sources: Abiodun Oladokun, Saman Waris, DefiLlama, CryptoQuant, Dune Analytics.

Share on Facebook Share on Twitter
Casinos: 45
Profile Ethereum
Symbol ETH
Coin type Alt Coin
  • Second largest cryptocurrency
  • Accepted in many casinos
  • High transaction speed
  • Partial bugs in smart contracts
Price 2.974,71 €
Percent Change 24h -1,69 %
Percent Change 7d 6,71 %
Percent Change 30d -10,85 %
Percent Change 60d 7,51 %
Percent Change 1y 71,48 %
Market Cap 363.054.931.344,00 €
Official Links
Socials Reddit | X
Best 3 Ethereum casinos

Latest News Logo Advertising transparency

We are independent, transparent and funded by revenue we generate when you sign up at a casino through us.

Our goal is to help you make better decisions when choosing a casino by offering different information, providing filters and comparison tables, and publishing objective content. Thus, we give you the opportunity to research for free, compare casinos and make your decision based on that.

We cannot guarantee that a casino that is very good for us will fit your type of player and your circumstances.

Why trust us?

We work according to transparent editorial guidelines and disclose our testing methods as well as funding. This article may contain links to our partners, but this does not influence our objective view in any way.

We use cookies. By using this site, you accept them. - 100% unlimited Uncapped bonus for new customers Show Bonus