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Lido Finance (LDO) Now Has Highest TVL in Defi

Author: Elena R

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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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As per Nansen data in December, Ether staking solutions were in high demand as Ethereum shifted to a proof-of-stake mechanism. Lido Finance, a Liquid staking protocol, seems to be strengthened with the Ethereum merge with its total value locked (TVL) now hitting the top position in the Defi. As per Defi lama Data, Lido Finance now has $5.9 billion in TVL surpassing MakerDAO’s $5.89 billion and AAVE’s $3.7 billion. 

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