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.

  • Lido has overtaken MakerDAO as the highest TVL in DeFi by $0.05 billion
  • The Ethereum merge seems to have greatly benefited the liquid staking protocol
  • The overtaking of Lido signals growth despite ongoing crypto winter and has sent the LDO coin soaring

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 …

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