Lido Weekly Review: TVL breaks through $34.5 billion, ETH pledge volume increases significantly
The Lido protocol has performed well over the past week (July 15th to July 22nd), with both its total value locked (TVL) and pledged volume achieving significant growth. The following is specific data analysis:
1. TVL growth and increase in ETH pledge amount
According to data officially released by Lido on the X platform, the TVL of the Lido protocol increased by 9.34% in a week, reaching $34.57 billion. This increase was mainly due to the newly pledged 85,792 ETH. As the Ethereum network continues to grow and the decentralized finance (DeFi) ecosystem expands, Lido continues to grow in popularity and market share as the leading provider of Ethereum 2.0 staking services.
2. L2 expansion and the growth of wstETH
On Layer 2 solutions (L2), the number of wstETH (wrapped stETH) has also increased, rising by 4.62% in a week to 170,526 pieces. The adoption of L2 scaling solutions not only improves transaction efficiency, but also reduces transaction costs for users, further driving the growth of wstETH.
3. Transaction volume performance
Over the past seven days, (w)stETH’s trading volume reached $1.19 billion. This shows the strong market demand for Lido’s pledged assets, and also shows Lido’s important position in the DeFi market.
The Lido protocol has experienced significant growth over the past week, demonstrating its leadership and growth potential in the Ethereum staking services market.
