DeFi TVL Reaches $49.9 Billion with Lido Accounting for 17.69% of Total Pledge
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 …
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 decentralized finance ecosystem’s total value locked (TVL) has been consistently growing for some time now, pointing towards the rising popularity of decentralized finance. The latest report from DeFi Llama shows that the DeFi TVL of the entire network has risen to $49.9 billion, marking an increase of about 11% over the previous month.
The report also highlights that Lido, a decentralized staking platform for Ethereum, is responsible for 17.69% of the total pledge of the network. Lido’s TVL is $8.83 billion, and the amount of pledge lockup on Ethereum accounts for about 99%.
There are various reasons why DeFi TVL is soaring, including the unprecedented adoption of decentralized finance applications and the rising demand for yield farming opportunities. DeFi allows users to lend, borrow, trade, and earn interest without relying on centralized intermediaries, making it more accessible and providing the user with complete control over their funds.
Lido’s ability to attract such a high percentage of total pledges can be attributed to its commitment to providing a seamless and trustless staking solution. The platform eliminates the need for users to hold their own full Ethereum nodes, allowing them to stake their ETH through a non-custodial smart contract, and receive a liquid, tradable asset known as stETH. With stETH, users can enjoy hassle-free staking while also having the freedom to trade or leverage their holdings as they see fit.
The report’s findings assert that the DeFi space is growing in popularity, and Lido’s dominance within the DeFi ecosystem highlights Ethereum’s central role as the platform of choice for developing and running decentralized applications.
To sum up, the report confirms the continued growth of DeFi, marked by the latest increase in TVL, and highlights Lido’s dominant position in the market. These developments are set to attract more users to DeFi and create new opportunities for innovation in the space.
Overall, the report’s keywords, DeFi, TVL, Lido, Pledge, and Ethereum, give a clear picture of the DeFi ecosystem’s current scenario and what is driving its growth.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/crypto/1723.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Why does LINK rise (What price will LINK rise to)?
Why does LINK rise? This article comes from Xiao Zha\’s idle talk (ID: xiaonazha
-
Panic and Greed Index Show a Shift towards Market Fear
It is reported that today\’s panic and greed index is 34 (yesterday\’s 44), ranking panic.
Today\’s panic and greed index is 34, ranking panic
Analysis based on th -
Ethereum Exceeds $1900: Understanding the Recent Surge in Value
According to reports, the market shows that Ethereum has exceeded $1900 per chip, with a daily increase of 2.16%.
Ethereum Breaks Through 1900 US Dollars
IntroductionCryptocurrenci -
Web3 Security Firm Ancilia Warns Users of 0x6d89 Token Approval Vulnerability
According to reports, the Web3 network security company Ancilia reminded that if the user has approved any token to trade on 0x6d8981847eb3cc2234179d0f0e72f6b6…
-
Why has Ethereum recently surged? (Reasons for the drop in Ethereum)
Why has Ethereum recently surged? Why has Ethereum recently surged? Why has Ethe
-
What kind of mining machine is good for mining
What kind of mining machine is used for mining? According to the data of the coin printing ore pool, up to now, more than 30000 investors around the world have participated in the mining of Cryptocurrency. Digging for Bitcoin requires electricity consumption, which depends on the cost of electricity and the power consumption ratio of the machine. So what kind of machine is good for mining? 1、 Ordinary computer mining field: professional ASIC mining machine manufacturer; 2、 Computer power server equipment manufacturer; 3、 Manufacturer of specialized graphics card mining equipment: TSMC; 4、 Cloud host mining machine manufacturer: Asus (Beijing) Technology Co., Ltd; 5、 Mobile software company: Intel (Shanghai) Information Technology Co., Ltd. (Wu Shuo Blockchain) What to Dig forAccording to Cointelgraph, in a recent tweet, a senior figure in the Bitcoin mining industry discussed mining. He said, “In the long run, if we consider the price of Cryptocurrency to rise, we should buy some digital tokens to invest.” According to…
-
British Tennis Player Felix Mischker to Raise $50,000 Through FANtium Platform
It is reported that Felix Mischker, a talented British tennis talent, announced to raise $50000 through the sports asset tokenization platform FANtium. FANtium…
-
Network Financial Report: Bitcoin and Ethereum Lead Trading
According to the report, the data showed that the whole network had a total of 307 million dollars in the past 24 hours, including 115 million dollars in Bitcoin and 97.7845 million dollars in Ethereum. In the past 24 hours, the whole network sold out 307 million dollars, and Bitcoin sold out 115 million dollars Analysis based on this information:The message describes the financial status of an unidentified network that shows a trading volume of $307 million in the past 24 hours. The trading activity was split between two cryptocurrencies: Bitcoin and Ethereum, which contributed $115 million and $97.7845 million, respectively. The report indicates a high level of trading activity within the network over the past 24 hours, with significant investments in Bitcoin and Ethereum. This data highlights the ongoing trend to focus on the two most popular cryptocurrencies, reinforcing their position as the leaders in the market. Bitcoin, the pioneer cryptocurrency and the largest by market capitalization, continues to…
-
273781 ETH transferred from unknown wallet to Binance
According to reports, data shows that 273781 ETH (worth approximately $504986096) has been transferred from an unknown wallet to Binance.
273781 ETH transferred from unknown wallet -
Arbitrum Ecological Decentralized Derivatives Exchange GMX Allocates ARB Tokens
It is reported that the Arbitrum Ecological Decentralized Derivatives Exchange GMX announced on social media that GMX will use the address 0x0263ad94023a5Df6d64f54BFEF089F1FBF8A4CA