The recent rally in ETH price has reignited momentum across DeFi—especially in liquid staking. Now liquid staking has overtaken lending to become the largest DeFi sector by category. At the forefront of this shift is Lido, now leading the pack with $34.64b in TVL, which accounts for nearly 50% of the entire liquid staking market (currently at $71.95b). But @LidoFinance isn’t just dominating in TVL. It’s also the top protocol by fees and revenue among all LSTs, raking in $71.33m in fees and generating $7.13m in protocol revenue. The DeFi narrative is coming back and liquid staking is one to keep an eye on.
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