• bitcoinBitcoin (BTC) $ 117,701.00
  • ethereumEthereum (ETH) $ 3,132.04
  • xrpXRP (XRP) $ 2.92
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 690.76
  • solanaSolana (SOL) $ 163.98
  • usd-coinUSDC (USDC) $ 0.999907
  • dogecoinDogecoin (DOGE) $ 0.198477
  • staked-etherLido Staked Ether (STETH) $ 3,129.87
  • tronTRON (TRX) $ 0.300566
  • cardanoCardano (ADA) $ 0.746859
  • hyperliquidHyperliquid (HYPE) $ 47.87
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 117,582.00
  • stellarStellar (XLM) $ 0.452988
  • suiSui (SUI) $ 4.08
  • wrapped-stethWrapped stETH (WSTETH) $ 3,782.93
  • chainlinkChainlink (LINK) $ 16.06
  • bitcoin-cashBitcoin Cash (BCH) $ 497.14
  • hedera-hashgraphHedera (HBAR) $ 0.231998
  • avalanche-2Avalanche (AVAX) $ 22.51
  • wrapped-eethWrapped eETH (WEETH) $ 3,356.60
  • leo-tokenLEO Token (LEO) $ 8.89
  • shiba-inuShiba Inu (SHIB) $ 0.000014
  • the-open-networkToncoin (TON) $ 3.09
  • wethWETH (WETH) $ 3,131.64
  • litecoinLitecoin (LTC) $ 96.31
  • usdsUSDS (USDS) $ 0.999874
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • whitebitWhiteBIT Coin (WBT) $ 44.39
  • polkadotPolkadot (DOT) $ 4.09
  • moneroMonero (XMR) $ 335.18
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 117,678.00
  • uniswapUniswap (UNI) $ 9.38
  • pepePepe (PEPE) $ 0.000013
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • bitget-tokenBitget Token (BGB) $ 4.55
  • aaveAave (AAVE) $ 327.88
  • bittensorBittensor (TAO) $ 434.70
  • daiDai (DAI) $ 1.00
  • pi-networkPi Network (PI) $ 0.446491
  • crypto-com-chainCronos (CRO) $ 0.108130
  • aptosAptos (APT) $ 5.10
  • nearNEAR Protocol (NEAR) $ 2.66
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • internet-computerInternet Computer (ICP) $ 5.63
  • ondo-financeOndo (ONDO) $ 0.938825
  • ethereum-classicEthereum Classic (ETC) $ 19.01
  • okbOKB (OKB) $ 47.74
  • jito-staked-solJito Staked SOL (JITOSOL) $ 199.32
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • algorandAlgorand (ALGO) $ 0.284315
  • mantleMantle (MNT) $ 0.712400
  • pump-funPump.fun (PUMP) $ 0.006672
  • kaspaKaspa (KAS) $ 0.087546
  • bonkBonk (BONK) $ 0.000030
  • ethenaEthena (ENA) $ 0.362278
  • usd1-wlfiUSD1 (USD1) $ 0.999727
  • arbitrumArbitrum (ARB) $ 0.438702
  • vechainVeChain (VET) $ 0.025167
  • sei-networkSei (SEI) $ 0.372907
  • cosmosCosmos Hub (ATOM) $ 4.69
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.233175
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.032344
  • render-tokenRender (RENDER) $ 3.92
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.752310
  • fasttokenFasttoken (FTN) $ 4.50
  • susdssUSDS (SUSDS) $ 1.06
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,130.81
  • official-trumpOfficial Trump (TRUMP) $ 9.47
  • worldcoin-wldWorldcoin (WLD) $ 1.08
  • gatechain-tokenGate (GT) $ 15.68
  • filecoinFilecoin (FIL) $ 2.65
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 117,404.00
  • skySky (SKY) $ 0.078565
  • quant-networkQuant (QNT) $ 114.20
  • binance-staked-solBinance Staked SOL (BNSOL) $ 174.40
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.76
  • jupiter-exchange-solanaJupiter (JUP) $ 0.512630
  • spx6900SPX6900 (SPX) $ 1.60
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,283.00
  • kucoin-sharesKuCoin (KCS) $ 11.59
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,568.21
  • usdtbUSDtb (USDTB) $ 0.999729
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997682
  • celestiaCelestia (TIA) $ 1.98
  • usdt0USDT0 (USDT0) $ 1.00
  • nexoNEXO (NEXO) $ 1.32
  • story-2Story (IP) $ 4.48
  • injective-protocolInjective (INJ) $ 13.41
  • blockstackStacks (STX) $ 0.814465
  • optimismOptimism (OP) $ 0.704154
  • fartcoinFartcoin (FARTCOIN) $ 1.23
  • xdce-crowd-saleXDC Network (XDC) $ 0.075333
  • flare-networksFlare (FLR) $ 0.017453
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,347.13
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,289.92
  • sonic-3Sonic (S) $ 0.356884
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 117,600.00
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.68
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • dogwifcoindogwifhat (WIF) $ 1.07
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,300.43
  • curve-dao-tokenCurve DAO (CRV) $ 0.759106
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,383.96
  • immutable-xImmutable (IMX) $ 0.544567
  • the-graphThe Graph (GRT) $ 0.103022
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • flokiFLOKI (FLOKI) $ 0.000100
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 117,820.00
  • pax-goldPAX Gold (PAXG) $ 3,337.82
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • clbtcclBTC (CLBTC) $ 119,563.00
  • wbnbWrapped BNB (WBNB) $ 690.22
  • kaiaKaia (KAIA) $ 0.153208
  • vaultaVaulta (A) $ 0.555386
  • iotaIOTA (IOTA) $ 0.224153
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 184.05
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.43
  • paypal-usdPayPal USD (PYUSD) $ 0.999625
  • theta-tokenTheta Network (THETA) $ 0.832904
  • tether-goldTether Gold (XAUT) $ 3,327.81
  • msolMarinade Staked SOL (MSOL) $ 214.37
  • lido-daoLido DAO (LDO) $ 0.902981
  • ethereum-name-serviceEthereum Name Service (ENS) $ 24.42
  • galaGALA (GALA) $ 0.017802
  • jasmycoinJasmyCoin (JASMY) $ 0.016580
  • raydiumRaydium (RAY) $ 2.92
  • the-sandboxThe Sandbox (SAND) $ 0.314236
  • tokenize-xchangeTokenize Xchange (TKX) $ 9.36
  • aerodrome-financeAerodrome Finance (AERO) $ 0.849946
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.75
  • pyth-networkPyth Network (PYTH) $ 0.124294
  • zcashZcash (ZEC) $ 44.02
  • ousgOUSG (OUSG) $ 111.81
  • saros-financeSaros (SAROS) $ 0.265776
  • memecoreMemeCore (M) $ 0.414734
  • tezosTezos (XTZ) $ 0.651374
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,342.80
  • bittorrentBitTorrent (BTT) $ 0.00000069
  • super-oethSuper OETH (SUPEROETH) $ 3,132.07
  • morphoMorpho (MORPHO) $ 2.11
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997945
  • jito-governance-tokenJito (JTO) $ 1.91
  • pendlePendle (PENDLE) $ 4.06
  • falcon-financeFalcon USD (USDF) $ 0.999860
  • walrus-2Walrus (WAL) $ 0.477178
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,259.99
  • chain-2Onyxcoin (XCN) $ 0.018957
  • mog-coinMog Coin (MOG) $ 0.000002
  • flowFlow (FLOW) $ 0.400424
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • tbtctBTC (TBTC) $ 117,369.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,132.31
  • decentralandDecentraland (MANA) $ 0.316562
  • telcoinTelcoin (TEL) $ 0.006527
  • newton-projectAB (AB) $ 0.008655
  • usual-usdUsual USD (USD0) $ 0.997754
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 117,139.00
  • heliumHelium (HNT) $ 3.11
  • based-brettBrett (BRETT) $ 0.057189
  • wrapped-hypeWrapped HYPE (WHYPE) $ 47.86
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 117,731.00
  • coredaoorgCore (CORE) $ 0.547923
  • thorchainTHORChain (RUNE) $ 1.56
  • bitcoin-svBitcoin SV (BSV) $ 26.97
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,131.25
  • staked-hypeStaked HYPE (STHYPE) $ 47.99
  • apecoinApeCoin (APE) $ 0.664870
  • conflux-tokenConflux (CFX) $ 0.103726
  • starknetStarknet (STRK) $ 0.146842
  • ripple-usdRipple USD (RLUSD) $ 1.00
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.198764
  • usddUSDD (USDD) $ 1.00
  • build-onBUILDon (B) $ 0.505381
  • true-usdTrueUSD (TUSD) $ 0.997407
  • syrupMaple Finance (SYRUP) $ 0.457224
  • beldexBeldex (BDX) $ 0.068420
  • arweaveArweave (AR) $ 7.52
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008335
  • stader-ethxStader ETHx (ETHX) $ 3,329.30
  • deepDeepBook (DEEP) $ 0.194418
  • dydx-chaindYdX (DYDX) $ 0.644525
  • venomVenom (VENOM) $ 0.231928
  • 1inch1inch (1INCH) $ 0.339915
  • kavaKava (KAVA) $ 0.430783
  • ether-fiEther.fi (ETHFI) $ 1.23
  • compound-governance-tokenCompound (COMP) $ 49.09
  • neoNEO (NEO) $ 6.54
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,456.45
  • aioz-networkAIOZ Network (AIOZ) $ 0.384510
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.43
  • elrond-erd-2MultiversX (EGLD) $ 15.81
  • apenftAPENFT (NFT) $ 0.00000045
  • zksyncZKsync (ZK) $ 0.059461
  • axie-infinityAxie Infinity (AXS) $ 2.56
  • ecasheCash (XEC) $ 0.000021
  • turboTurbo (TURBO) $ 0.006113
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004216
  • dexeDeXe (DEXE) $ 7.36
  • swethSwell Ethereum (SWETH) $ 3,429.36

Lido Finance Sees Strong Growth in TVL, stETH Usage, and Multichain Expansion in Last Week of September 2024

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Lido Finance Sees Strong Growth in TVL, stETH Usage, and Multichain Expansion in Last Week of September 2024

According to the weekly update on the performance of Lido Finance, the liquid staking DeFi protocol demonstrated astonishing performance in the last week of September 23-30, 2024. Lido Finance saw an overall rise in the platform’s total value locked (TVL) to $26.080 billion, with a new TVL increase rate of 3.55%. This growth is tied to growth in Ethereum deposits and favourable market conditions surrounding the underlying asset of stETH (staked ETH).

Lido Analytics: September 23 – 30, 2024

– Lido TVL up +3.55% to $26.08b.
– 43,232 net new ETH staked.
– 7d stETH APR at 3.11%.
– Multichain wstETH up +3.41%.
– (w)stETH 7d trading volume was $819.45m.

? pic.twitter.com/x4OCyxl45x

— Lido (@LidoFinance) October 1, 2024

Key Metrics

Evident by 43,232 ETH staked on Lido’s platform, which shows institutional investors are now trusting the Ethereum network and staking services offered by the Lido platform. The 7d stETH APR is now at 3.11% which is 0.06% lower than the previous week. In addition to ETH, Lido also expanded its multichain stETH product, with wrapped stETH up by 3.41%.

stETH Usage and Trading Volume Insights

One more significant highlight to Lido Finance this week was an increase in stETH interaction with other DeFi platforms. The lending pool of wstETH rose by 1.41%, which now equals 2.83 million stETH. Furthermore, wstETH in liquidity pools saw an increase of 13.16%, totalling 86.2K stETH. However, the usage of stETH involved in different types of restaking decreased by 3.68% to 1.31 million stETH.

On the trading side, the 7d trading volume for wstETH was at $819.45 million, down by 10.96% from the previous week. While trade volume is low, the increase in stETH in lending and liquidity pool platforms shows the utility and integration of staked assets within the DeFi space.

Multichain Growth Continues

The multichain activity was also boosted, especially in activities on Ethereum Layer 2 and other alternative blockchains based on Lido’s multichain strategy. The wstETH being bridged to other chains, rose by 3.41%, reaching 198,020 wstETH. WstETH on Arbitrum, Optimism, Linea, zkSync, and Cosmos stayed in a negative trend when it comes to wstETH balance. Other chains such as Base, Scroll, Polygon, and BNB registered a green signal, suggesting the growth of wstEWTH across several chains.

Outlook and Market Sentiment

The main reason behind Lido’s impressive growth is the market appreciation for liquid staking. Given that DeFi is starting to show more demand for staked assets, Lido continues to be prominent in the field of liquid staking, offering versatile solutions for staking across many chains.

The overall weekly statistics of Lido suggest staking demand and potential for growth in Ethereum stakes and multichain adoption.

Source

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