The largest liquid staking protocol Lido’s TVL has reached its all-time high of nearly $22 billion. Lido TVL is also the highest among all DeFi protocols in existence.
The total value locked (TVL) in Lido touched its all-time high of $22 billion on December 9, which is currently positioned at $20.79 billion, according to data from DeFiLlama.
While originally deployed on Ethereum, Lido also added liquid staking services on Polygon and Solana. However, the protocol terminated support for Solana on October 16.
Its TVL is currently dominated by Ethereum, which amounts to nearly $20.6 billion, while Polygon has a total liquid-staked MATIC of approximately $119 million.
Lido TVL peaked at its highest level of $20.83 in April 2022, which fell to $4.7 billion after the UST de-pegging incident that wiped out billions of dollars from the decentralized finance (DeFi) ecosystem.
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