đ§ Ethereum Staking Report: Despite 26,000 ETH withdrawals, Lido TVL still rose by more than 10% against the trend
According to the latest official push of LidoFinance, more than 26,000 ETH have been unlocked, but the total locked value (TVL) of Lido Finance has risen by 10.83% against the trend to $25.18 billion! What's going on?
It turns out that the recent surge in Ethereum prices has not only pushed up the value of staked assets, but also raised the TVL of Lido Finance to $25.18 billion. Moreover, the annualized rate of return (APR) of staked ETH has also increased, and is now 3.17%, which means more staking rewards!
At the same time, the trading volume of stETH and wrapped stETH (wstETH) has also risen sharply in 7 days, reaching $920 million, showing that everyone is more interested in the DeFi market.
Unfortunately, the number of bridged wstETH (stETH representatives on other blockchain networks) has dropped by 2.04%, which means that users seem to have redistributed assets between different blockchain networks or turned to other better income opportunities.
It is worth noting that the holdings of wstETH on the BNB chain have dropped sharply by 31.46%, while the holdings on Polygon have increased by 5.65%, which may indicate that users are increasingly interested in Polygon's layer 2 expansion solution.
đ€ What does this change mean for the DeFi market? A large amount of ETH has been unlocked. Do you think everyone is taking profits or preparing for market changes?
đ What do you think of this trend? Do you choose to continue staking or unlock ETH to find new opportunities? Share your thoughts in the comment section and let's discuss the future of DeFi together!
