Lido Finance's total value locked (TVL) increased by 10.83% to $25.18 billion, mainly due to a rise in Ethereum's token price. However, 26,528 ETH was unstaked during the same period. The APR for staked Ether rose to 3.17% due to increased activity on the Ethereum network. Trading volume for stETH and wstETH also increased, indicating growing interest in staked Ether derivatives in DeFi markets. Bridged wstETH decreased across multiple chains, with a significant drop on the BNB Chain and an increase on Polygon. The movements reflect dynamic strategies of DeFi participants. The amount of stETH in lending pools and restaking protocols remained stable, but liquidity pools saw a significant reduction. Understanding these patterns is important for navigating the DeFi landscape effectively.
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