Lido Overtakes MakerDAO As Highest TVL in DeFi
Lido Finance has overtaken MakerDAO as the highest TVL in DeFi by $0.05 billion. For many years, MakerDAO has had the largest DeFi TVL; however, the Ethereum merge has significantly benefited Lido. Lido’s overtaking signals growth despite the ongoing crypto winter, sending the LDO coin soaring. The Ethereum merge in September seems to have greatly …