Lido held a 76.47% share of the ETH staking market.
The value of Lido’s deposits has more than tripled since the start of 2023.
An investor staked $69 million in the staking pool operated by Lido Finance [LDO], the largest liquid staking protocol. The claim was made in an X post by Alex Svanevik, CEO of popular on-chain analyst firm Nansen.
In a statement shared with AMBCrypto, Nansen stated that the deposits, made in Ethereum [ETH], boosted Lido’s staked ETH numbers, further solidifying its market domination.
Lido remains the boss
As per AMBCrypto’s examination of DeFiLlama’s data, ETH worth nearly $20.2 billion was locked with Lido as of this writing. The staking giant held an astounding 76.47% share of ETH’s staking market.
Source: DeFiLlama
The Total Value Locked (TVL) on the platform, including deposits of other tokens like MATIC, was about $20.37 billion, making it the largest decentralized finance (DeFi) project by a mile.
To get a sense of proportion, Lido’s TVL a
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