Lido now has the highest DeFi TVL as LDO increases 17%

Ethereum (ETH) staking protocol Lido (LDO) is now the dominant DeFi protocol based on the total value of assets locked (TVL) in its ecosystem, according to DeFillama data.

Lido’s TVL overtook that of MakerDAO (MKR) in the last 24 hours after rising by 0.57% to $5.90 billion. According to the data aggregator, this places Lido’s dominance at 15.23% of the entire DeFi TVL of $38.68 billion.