Lido Reports Increased TVL

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Last Updated on August 7, 2023 by Bitfinsider

According to the Ethereum staking protocol, the total value locked in Lido has topped $15 billion for the first time since May 2022.

The company also stated in its second Lido Monthly Report that the protocol “consistently experienced large monthly net inflows of ETH deposits,” despite the fact that the ability to withdraw staked ether was implemented earlier this year.

“As a result of this continuous growth, the protocol appears poised to surpass eight million staked ETH next month,” the report concluded.

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