Share this article
Lido Briefly Becomes Top DeFi Protocol by TVL With $20B Staked
The DeFi protocol overtook Curve before falling back into second place.
Updated May 11, 2023, 6:47 p.m. Published May 4, 2022, 3:45 p.m.
Lido Finance briefly became the leading decentralized finance (DeFi) protocol by total value locked (TVL) on Wednesday morning ET, overtaking Curve with $20 billion staked before falling back into second place, according to DeFi Llama.
- Launched in December 2020, Lido provides staking across the Ethereum, Terra, Solana, Kusama and Polygon chains.
- At the time of publication, Lido was responsible for 9.28% of all value locked across the DeFi sector, with $200.96 billion being staked across all chains. More than 30% of all the ether (ETH) staked on the Beacon Chain is staked via Lido.
- Following the milestone, Lido founding member Jordan Fish wrote on Twitter: "Very grateful to have spent the last decade surrounded by excellent people that did excellent things."
- Since launch, Lido has paid out $439 million in staking rewards to more than 104,000 stakers.
- The protocol currently offers yields of 3.6% on ETH and as high as 25.9% on kusama (KSM).
Read more: A16z Investing $70M in Ethereum Staking Provider Lido Finance
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Exodus joins stablecoin race with MoonPay-backed digital dollar
The public crypto wallet firm joins Circle and PayPal in issuing stablecoins.
What to know:
- Exodus is launching a fully reserved, USD-backed stablecoin with MoonPay to power self-custodial payments in its crypto wallet app.
- The stablecoin will support Exodus Pay, a new feature enabling users to spend and send digital dollars without relying on centralized exchanges.
- With the launch, Exodus joins a short list of public companies, including PayPal and Circle, backing stablecoin products.
Top Stories
