Liquid staking outperforms bearish market as Lido growth fuels $20B TVL

The total value of assets locked (TVL) in liquid staking projects has continued to climb despite the overwhelming bearish sentiments present in the market.

DeFillama’s data reveals an impressive surge in the category’s TVL, which has reached almost $20 billion in the past year. Notably, this growth has outpaced other sectors in decentralized finance, including lending and decentralized exchanges, during the same timeframe.