Exploring the Top 10 Ethereum Liquid Staking Derivatives by Total Value Locked.♦️
Liquid staking derivatives (LSDs) have recently taken the spotlight in the decentralized finance (DeFi) space, surpassing decentralized exchanges (DEXes) in total value locked (TVL), as reported by DefiLlama. Among Ethereum's LSDs, let's delve into the top performers:
1. Lido Finance stETH
- Total Value Locked: $20.8 billion
- Leading the pack, Lido Finance's stETH emerges as the frontrunner in the liquid staking realm, boasting an impressive $20.8 billion TVL.
2. RocketPool rETH
- Total Value Locked: $2.37 billion
- Securing the second spot, RocketPool's rETH contributes significantly to the liquid staking landscape with $2.37 billion locked.
3. Binance Staked ETH bETH
- Total Value Locked: $1.74 billion
- Binance staked ETH, represented by bETH, claims the third position with a substantial $1.74 billion TVL.
As the DeFi ecosystem evolves, these Ethereum LSDs play a pivotal role in shaping the landscape, offering users diverse options for staking and participating in network consensus. Keep an eye on these projects as they continue to influence the dynamics of decentralized finance.
source: top7ico
