1. SipPop GamesHome
  2. Tech Ticker

Lido’s Platform Pledge Exceeds $10 Billion with Ethereum Taking the Lead

• Tech Ticker • 139 views

According to reports, according to official data from Lido, the total value of its platform pledge has exceeded $10 billion, reaching $10244294153 at the time o

Lidos Platform Pledge Exceeds $10 Billion with Ethereum Taking the Lead

According to reports, according to official data from Lido, the total value of its platform pledge has exceeded $10 billion, reaching $10244294153 at the time of writing. Among them, Ethereum’s total pledge value accounts for the largest proportion, currently exceeding $10 billion, reaching $10075869095, followed by Polygon, with a pledge value of $93592303.

The total value of Lido pledge exceeded $10 billion

Analysis based on this information:


Lido, a popular platform for staking assets, has announced that its platform pledge has crossed the $10 billion mark, reaching a staggering $10,244,294,153 at the time of writing. The platform provides a way for investors to stake their assets and receive staking rewards without the need for infrastructure or technical expertise. Instead, they can simply supply their assets to the platform and receive a tokenized representation that can be traded or transferred as needed.

The platform has seen tremendous growth in recent months, with its total value locked (TVL) reaching new highs every week. This growth can be attributed to the rising popularity of staking as a way to earn passive income on crypto investments. Investors are increasingly looking for ways to earn yield on their assets without having to actively trade, and staking provides an attractive solution.

Among the assets pledged on the Lido platform, Ethereum accounts for the largest share, with a pledge value exceeding $10 billion and reaching $10,075,869,095. This is not surprising considering Ethereum’s dominance in the DeFi (decentralized finance) space and the growing demand for staking services for ETH. By staking their ETH on Lido, investors can earn a share of the platform’s staking rewards without having to run their own validator nodes.

Following Ethereum, Polygon (formerly Matic) has the second-largest pledge value on the Lido platform, with a value of $93,592,303. Polygon is an Ethereum scaling solution that provides fast and cheap transactions, making it popular with DeFi users. By staking their MATIC tokens on the Lido platform, investors can earn a share of the staking rewards and contribute to the security of the Polygon network.

In conclusion, Lido’s platform pledge exceeding $10 billion is a testament to the growing popularity of staking as a passive income-generating tool in the crypto space. The pledge value of Ethereum and Polygon on the platform reflects the dominance of these assets in the DeFi landscape and the growing demand for staking services. As more investors seek to earn yield on their crypto assets, platforms like Lido are poised to play an increasingly important role in the ecosystem.

This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/5910.htm

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/14/2023 13:08
Next 03/14/2023 13:15

Related recommendations