1 year ago
Liquid staking protocol Lido said its staked Ethereum connected the Beacon Chain reached 5.05 cardinal ($8.32 billion).
LDO surged 18% to $2.45 successful the past 24 hours, according to CryptoSlate data. The token roseate by 16% successful the erstwhile 7 days and 25% successful the past 30 days.
Lido dominates liquid staking
On Feb. 6, Lido said its staking deposits grew crossed each chains but Kusama — which has decreased for the past 2 weeks.
The full worth of assets locked (TVL) connected the Lido roseate by 5.5% successful the past 7 days to $8.48 cardinal — with the bulk being successful ETH, according to information aggregator DeFillama.
Lido’s website shows that $8.32 cardinal successful Ethereum was staked via its platform. Other assets, similar Polygon (MATIC), Solana (SOL), Kusama (KSM) and Polkadot (DOT) person a combined worth of $155.06 million.
Lido said its February incentives of 1.95 cardinal LDO tokens were present live.
Meanwhile, Lido remains the ascendant staking work supplier — controlling 29.3% of the market. The protocol besides doubles arsenic the ascendant DeFi protocol, holding astir 17.31% of the market.
Frax Ethereum surges
Frax Ethereum’s (frxETH) TVL accrued by astir 77% successful the past period to $144 million, according to DeFillama data.
frxETH’s proviso grew by 70,000 ETH wrong 3 months, making it the fourth-largest ETH liquid staking derivatives (LSD), Blockchain analytical steadfast Nansen reported.
Meanwhile, CryptoSlate information shows that the ecosystem’s autochthonal token Frax Share (FXS), has benefitted from the accrued interest. FXS roseate astir 30% successful the past 24 hours to $13.06 and surged 120% implicit the past 30 days.
The station Lido’s staked Ethereum crosses 5M, Frax Ethereum connected the rise appeared archetypal connected CryptoSlate.
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