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Lido Finance Sees TVL Growth, Despite stETH Dip on L2 Networks

Author: Content Editor
Lido Finance, a well-known DeFi-based liquid staking platform, has experienced significant growth in its total value locked (TVL), increasing by 10.95% to $26.73 billion. This increase in TVL reflects a rise in user confidence and participation in Lido's staking services, despite a decrease in the number of ETH tokens being staked. The inflow of assets contributing to the growth in TVL may be due to the volatility of Ethereum's price or users seeking liquidity elsewhere. Lido's stETH Annual Percentage Rate (APR) stood at 2.99%, providing a stable option for earning passive income using ETH holdings without sacrificing liquidity. Additionally, Lido has seen a decline in wrapped stETH tokens on Layer 2 networks. As the market evolves, Lido's metrics may continue to shift in response to broader trends.

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