With its platform’s total value locked (TVL) surpassing $15 billion for the first time since May 2022, Lido has accomplished an important achievement.
Lido July 2023 Monthly Report Released, Reveals Protocol Had an Extraordinary Month
The protocol has shown consistent growth, and its ecosystem is prospering, as noted in the most recent Lido Monthly Report. The research emphasizes that Lido has continually seen sizable monthly net inflows of ETH deposits despite the activation of the opportunity to withdraw staked Ether earlier this year. This steady inflow shows the community’s dedication to Ethereum staking via the Lido platform.
The analysis also predicts that LDO‘s growth will follow an amazing path. With Lido’s staking services continuing to grow, it is projected that the protocol will surpass the astonishing milestone of eight million ETH staked in the future month.
LDO Adoption Rate Increased
The report highlights LDO’s impressive adoption rate as one of its outstanding accomplishments. More than 10,000 new stakes have joined the protocol as a result of its increased usage. Comparing this to the prior month, there has been an impressive growth of over 50%.
LDO’s user-friendly design, strong security features, and attractive prizes for participants all contribute to its capacity to draw a sizable number of new stakes. Due to its track record and dedication to delivering a seamless staking experience, LDO emerges as a key option as more investors look to actively participate in Ethereum’s staking ecosystem.
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