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In the world of decentralized finance (DeFi), liquid restaking tokens have surged in popularity, with over $8.5 billion worth of Ether now held in these tokens. RenzoProtocol leads the growth, with a 51.5% increase in total value locked (TVL) over the past week. Innovations in staking infrastructure have driven Ethereum staked amounts to approximately $110 billion, with liquid staking tokens (LSTs) playing a crucial role. Lido Finance reports a 4.62% increase in TVL to $35.46 billion, along with other key metrics like stETH APR and trading volumes.
📊 Lido Analytics: March 25 - April 1, 2024 TLDR: - TVL up +4.62% to $35.46b. - 1,280 net ETH unstaked. - 7d stETH APR down to 3.21%. - wstETH on L2 up by +5.33% to 156,109 wstETH. - (w)stETH 7d trading volume at $1.94b, up 3.3%. https://t.co/n2qARNmR7j
#DeFi is building the future of finance. We help you stay up to date with important developments across the industry. 👇 🟢Liquid Restaking The TVL of liquid restaking recently broke $8.4billion, led by @ether_fi. Much of the surge in users' interest could be attributed to… https://t.co/4zsnGKhHlz
1/ Innovations in staking infrastructure has led to ~$110B of Ethereum staked today. Liquid staking tokens (LSTs) were the first key innovation and we are now seeing the rise of restaking. What is it and what needs to happen for it to reach its full potential? Read on 🧵👇 https://t.co/MfflUnr12Z
