Recent data reveals that Lido, the leading liquid staking protocol (LSP), now holds over 9 million ethereum within its system. This figure represents a significant 77.81% of the total ethereum value locked in current LSPs, underscoring Lido’s dominant position in the market. Lido and Rocket Pool Reach New Heights with 9 Million and 1 Million […]
Defi’s 30-Day Rise — TVL Increases by $9.3 Billion With Rocket Pool Leading the Pack
Since October 18, 2023, the aggregate value locked in decentralized finance (defi) has witnessed a substantial augmentation of $ 9.3 billion within a one-month span. Among the leading ten defi protocols, Rocket Pool, known for its liquid staking services, achieved the most notable growth, soaring by 26.94% during the preceding 30 days. Defi TVL …
Navigating the Storm: Defi’s Precarious Position Amid a String of Exploits and Market Declines
In the wake of July’s unprecedented wave of decentralized finance (defi) breaches, including Curve Finance’s staggering $ 62 million exploit, the defi economy has plummeted into a gloomy state. Hovering perilously close to dipping beneath the $ 40 billion threshold, the total value locked (TVL) in defi hangs on by a thread. Concurrently, …