According to ChainCatcher, Cointelegraph reported that Lido DAO has voted to approve the introduction of stETH into BNB Chain, and will adopt the solution of Axelar and Wormhole to achieve this goal.
Lido explained that bridging Lido Staked ETH (stETH) to the BNB chain is an important milestone, marking the first time Lido has connected to a Layer 1 blockchain protocol outside of the Ethereum ecosystem.
Lido's Ethereum staking market share fell below 30% in early 2024, and then reached 1 million validators in April 2024. In addition, DefiLlama data shows that the total locked value (TVL) of the entire DeFi ecosystem is currently about US$83.4 billion, of which Lido liquidity staking accounts for US$25.94 billion of the market TVL.
