DeFi Milestone: Aave & Lido Surpass $70B in Net Deposits!
December Highlights:
Aave and Lido collectively hit a record $70B in net deposits, showcasing DeFi's remarkable growth in 2024.Aave: Leads with $34.3B in deposits, $1.1B ahead of Lido.Lido: Dominates in Total Value Locked (TVL) with $33.8B, compared to Aave’s $20.6B.
💡 What’s Driving DeFi Growth?
Revenue Boom:Aave: $12.5M revenue in the past 30 days (+27.5%).Lido: $9.6M monthly revenue (+24%).TVL Resurgence:Total DeFi TVL peaked at $212B on Dec. 16, surpassing the $200B milestone for the first time.2024 TVL growth: +107%, now at $185B.Decentralized Trading:DEX trading volumes hit $380B in November, setting new records.Decentralized vs. centralized exchange usage ratio reached 13.9% in October, near all-time highs.
📊 Lending & Stablecoins:
Active loans hit $21B, the highest monthly figure ever.Stablecoin market size nears $200B, fueled by users leveraging crypto as collateral.
🎯 Why This Matters:
The DeFi ecosystem is maturing rapidly, with more users leveraging on-chain financial tools for lending, trading, and staking. Protocols like Aave and Lido are not only driving growth but reshaping the financial landscape.
💡 Stay updated on DeFi trends, TVL milestones, and revenue leaders. Follow me for more insigh

#AAVE #Lido #TVL #CryptoNews #decentralizedfinance

Lido Shuts Down Polygon Staking
Lido Finance has announced it will be effectively discontinuing its staking service on Polygon. According to a Dec. 16 blogpost, the decision was reached after an extensive decentralized autonomous organization (DAO) forum discussion and a community vote with the majority of Lido token holders voting to end Lido operations on Polygon.
As part of the process, stMATIC holders will immediately stop receiving network rewards and users can unstake their MATIC through the Lido on Polygon frontend until June 16, 2025. After June 16, 2025, withdrawals will remain possible but only through explorer tools.
Shard Labs made the initial idea for Lido (LDO) on Polygon in 2021. Although, it began with high expectations, Lido on Polygon experienced significant challenges with limited user adoption, inadequate rewards, resource-intensive maintenance needs, and changing ecosystem dynamics.
The changing nature of decentralized finance (defi) activity has been a major obstacle, especially with the growing emphasis on zkEVM solutions. Lido’s potential as a fundamental defi building element on Polygon has been impacted by this shift which has decreased demand for liquid staking solutions on Polygon.
These series of events along with the recent governance decisions by LDO token holders’ to strategically concentrate on Ethereum has contributed to Lido’s shutdown on Polygon.

#binance #wendy #lido $BTC $LDO

Lido Finance, a prominent player in the decentralized finance sector, has declared it will cease its staking services on the Polygon network, a strategic pivot aimed at concentrating more heavily on enhancements and expansions within the ethereum ecosystem. This decision, adjudged through a comprehensive community-driven process, underscores the intricate dynamics between blockchain interoperability and specialized service offerings.
Originally introduced to diversify the staking options available to its users, Lido’s involvement with Polygon was seen as a significant step towards broadening its blockchain interactions. However, as reported in a recent announcement on December 16, the venture faced substantial obstacles that stymied its intended growth and adoption on the Polygon platform. The reasons highlighted for this shift involve a detailed evaluation of the network’s performance metrics and user engagement levels which have not met the strategic expectations set by Lido.
Polygon, known for its prowess in providing scalability solutions to Ethereum-compatible blockchains, seemed a fitting choice for Lido’s expansion plans. Yet, the realities of implementing and maintaining a staking service apparently presented a different set of challenges, leading to underwhelming participation rates. The decision to discontinue the service was not made lightly; it involved an extensive consultation process within the Lido’s decentralized autonomous organization (DAO), reflecting the project’s commitment to a community-centric decision-making process.
The resolution signals a refocused effort on Lido’s part to bolster its offerings on Ethereum. This move is strategic given Ethereum’s recent transition to a proof-of-stake consensus mechanism, which has significantly heightened the relevance and potential profitability of staking services. Ethereum, being the leading platform for decentralized applications, presents a more substantial market opportunity for staking, considering the vast amount of Ether tokens that could be locked up in staking contracts.
Financial implications of this strategic withdrawal are yet to be fully disclosed, but Lido has assured its stakeholders of a streamlined transition that prioritizes minimal disruption. For users currently engaged in staking on Polygon through Lido, the organization has outlined a clear roadmap towards either reclaiming their staked tokens or transferring them into other financial products that Lido offers.
This pivot back to Ethereum not only emphasizes Lido’s agile response to market dynamics and community feedback but also aligns with broader industry trends where Ethereum continues to dominate strategic priorities for a majority of decentralized finance ventures. Market experts opine that focusing on Ethereum could leverage higher network effects and enhance stakeholder value in light of Ethereum’s substantial market cap and liquidity pools.
Furthermore, Lido’s decision resonates within the DeFi sector as an example of adaptive management and strategic reallocation of resources—principles crucial for survival and growth within the rapidly evolving blockchain technology landscape. Reacting proactively to underperformance and refocusing on core competencies and markets is a lesson to similar platforms navigating the complexities of multi-chain strategies.
Lido’s move might also ignite discussions among DeFi protocols about the risks and rewards associated with expanding across different blockchains compared to consolidating resources on more established networks. As the blockchain space continues to mature, the strategies deployed by leading players such as Lido will likely serve as a barometer for the industry’s directional shifts and alignment of technological initiatives with user-centric solutions.
In closing, Lido’s strategy shift opens up renewed debates on the strategic deployments in the DeFi sector and the continual evaluation of blockchain technology’s promise versus its real-world application and adoption challenges.

#Lido #LidoDAO

#Lido , the leading liquid staking protocol, has announced its decision to discontinue staking services for Polygon. Users are required to withdraw their funds by June 16, 2025. This decision follows a governance vote by LDO token holders, culminating after extensive community discussions.

Originally launched in 2021 through a proposal by Shard Labs, the Polygon staking initiative was met with high expectations. However, challenges such as low user engagement, insufficient incentive generation, and high maintenance costs have led to this strategic exit. Furthermore, the evolving DeFi landscape, with a growing focus on zkEVM solutions, has reduced the demand for liquid staking on Polygon’s PoS network.

Key Timelines for the Transition

Lido has outlined a clear roadmap to ensure a smooth discontinuation of services. Starting December 16, 2024, the platform will no longer accept new staking requests via its user interface. A six-month transition period will follow, during which users can withdraw their funds using the Lido on Polygon UI. To facilitate the process beyond the frontend support cutoff, the protocol has assured users that withdrawal functionality via explorer tools will remain operational.

Aligning with Ethereum-Focused Goals

This move aligns with Lido's broader strategic shift, including initiatives like GOOSE and reGOOSE, which emphasize the protocol’s commitment to Ethereum. Lido's challenges in establishing itself as a core DeFi component on Polygon have reinforced the decision to refocus resources on ecosystems with greater growth potential.

Lido advises all users to review the withdrawal instructions promptly to ensure a seamless transition before the June 2025 deadline. This pivot highlights Lido's dedication to refining its offerings and optimizing resources for a stronger future.

#LidoUpdate #PolygonStakingEnds #DeFiTransition $LDO $BTC $ETH $XRP

#Lido STOPS PROVIDING POLYGON POS CHAIN STAKING SERVICES
 
On December 17, Lido announced it would halt its staking service for Polygon, informing users they can withdraw their funds by June 16, 2025. After that date, users will need to use browser tools to withdraw. The decision to stop Polygon staking was driven by factors including limited user adoption, insufficient rewards, resource-intensive maintenance, and changes in the ecosystem dynamics.
 
Analysis:
 
Lido’s decision to exit Polygon staking reflects deeper issues in the current crypto market. On the surface, it appears to be a business decision driven by low user participation and unsatisfactory returns.
 
However, the underlying reason may be the intensified competition in the Layer 2 sector, where Polygon’s advantages are no longer as apparent compared to other scaling solutions. This has forced leading liquid staking providers like Lido to reassess resource allocation, focusing on mainstream and more stable yield-generating assets like ETH and SOL.
 
 
 
 
#TRUMP PLEDGED TO BOOST BLOCKCHAIN GROWTH AT THE U.S. BLOCKCHAIN POLICY SUMMIT
 
 
On December 17, the Blockchain Association published a statement announcing that U.S. President-elect Donald Trump attended their annual policy summit dinner and delivered an important speech. Trump expressed his full support for the development of the blockchain industry in the U.S. and pledged to ensure that blockchain-related businesses remain in the country, rather than moving abroad.
 
 
Analysis:
 
Trump’s speech clearly expressed support for the blockchain industry and his commitment to ensuring the U.S.‘s leadership in this field. Given the rapid growth of blockchain technology and other countries actively pushing for related policies, Trump’s statement helps enhance the U.S.’s attractiveness and competitiveness in the blockchain space.
 
His remark about “ensuring businesses stay in the U.S.” suggests that future policies may be implemented to better support blockchain companies 
 
 
 
WHALES WHO BOUGHT #ETHEREUM AT $421.7 FOUR YEARS AGO ARE TAKING PROFITS, WITH RETURNS UP TO 807%.
 
 
On December 17, @ai_9684xtpa reported that an institution or whale, which acquired 41,567 ETH at an average price of $421.7 four years ago, has recently begun to partially take profits, achieving an impressive 807% return.
 
Eight hours ago, the entity transferred 3,000 ETH to Coinbase, worth approximately $12.13 million. In the past two weeks, it has deposited 8,957 ETH (approximately $32.46 million), and if sold, it would make a profit of $30.48 million.
 
 
Analysis:
 
This event highlights that crypto investors, particularly institutions and whales, often choose to realize some profits after significant price increases. The 807% return illustrates the enormous potential of long-term holding. After several years of holding, this institution has clearly reaped substantial rewards. It also emphasizes the advantage of entering early and maintaining positions for the long term, especially in the volatile cryptocurrency market.
 
However, while short-term profit-taking can help realize immediate returns, long-term holding remains a key strategy for stable gains. Especially in a bullish market, frequent trading can cause investors to miss out on even greater growth opportunities.
 
Most successful investors understand that holding quality assets and sticking to a long-term strategy not only maximizes returns but also helps navigate market fluctuations. Therefore, while short-term trades may bring immediate profits, in the long run, stable long-term investment is more crucial.