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Leading decentralized staking solution Lido’s TVL has reach ed an all -time high of nearly $22 billion today. This growth is attributed to an increase in net ETH deposits and a rise in ETH price, resulting in an 18% upswing in TVL. Additionally, Lido reach ed over 200,000 first -time ETH stakers, and its stETH, including wstETH, saw a 10.34% growth in defi ecosystems, totaling 3.52 million stETH. Lido TVL | DefiLlama You might also like: Binance exit in Russia causes 20% traffic surge on top exchanges The governance aspect of Lido has also seen notable developments, with successful Snapshot votes endorsing proposals related to the wstETH bridge components and the Simple DVT staking module. The advancements are pivotal in enhancing Lido’s functionality and user experience. Additionally, Lido has expanded its presence in the defi space through strategic integrations and partnerships. Notably, it has integrated with Aave V3 on Base and gained listings on the Hashk...

Amid the macro bearish landscape last year, the total value locked in DeFi dried up and the yields were down to their average lows. Consequentially, the DeFi index price, showcasing the state of DeFi on Ethereum, also crashed. Towards the end of last year, it was hovering around $1.1k, while in early 2023, it dropped down to $1.07k. From thereon, however, there has been an improvement. As shown below, the reading of the same has already notched up to $1.85k, justifying the same. Source: ethereumprice.org Leaving aside the DeFi trend on Ethereum, the macro state of affairs has also been refined. Evidently, the price of top DeFi tokens has been on the rise. In the period between Jan. 11 to Jan. 17, the top-performing assets from this space fetched their investors with returns in the 48% to 70% bracket. In fact, their volume simultaneously pumped upto 602%, bringing to light the interest influx of market participants. Source: crypto.com DeFi market cap balloons up The impact ...