Value

DeFi

Notable

zkSync

Cosmos

<p>Lido Analytics reported a 1.36% increase in Total Value Locked (TVL), reaching $33.48 billion. This growth was primarily driven by a net addition of 95,616 ETH staked through Lido, highlighting continued confidence in the platform’s staking services. The 7-day Annual Percentage Rate (APR) for stETH experienced a minor decrease, falling by 0.04% to 2.96%. Despite this slight dip, <a href="https://lido.fi/" target="_blank" rel="noopener noreferrer nofollow">Lido </a>continues to attract substantial new deposits, underscoring the platform’s appeal to stakers seeking reliable returns.</p>
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   <p lang="en" dir="ltr">📊 Lido Analytics: June 24 – July 1, 2024<br><br>TLDR:<br>– TVL up 1.36% to $33.48b.<br>– 95,616 net new ETH staked through Lido.<br>– 7d stETH APR at 2.96%.<br>– wstETH on L2 up 7.19% to 141,586 wstETH.<br>– (w)stETH 7d trading volume at $1.23b.<br><br>👇</p>— Lido (@LidoFinance) <a href="https://twitter.com/LidoFinance/status/1808111423660126394?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 2, 2024</a>
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<p>Lido’s wrapped stETH (wstETH) on Layer 2 networks rose significantly by 7.19%, totalling 141,586 wstETH. Notable movements within these networks included a substantial increase in Scroll, which surged by 86.26% to 21,181 wstETH. The Base network also grew by 1.55% to 14,895 wstETH. However, minor decreases on Arbitrum, Optimism, Polygon, Linea, and zkSync Era reflected the dynamic nature of staking across different platforms.</p>
<h2 class="wp-block-heading" id="increase-in-steth-in-defi-and-cosmos">Increase in stETH in DeFi and Cosmos</h2>
<p>The amount of (w)stETH in DeFi lending pools saw a slight increase of 0.63%, reaching 2.70 million stETH. Similarly, (w)stETH in liquidity pools rose by 0.62%, totalling 83.5k stETH. On the Cosmos network, wstETH experienced a modest increase of 2.12%, bringing the total to 1,788 wstETH. These figures highlight the growing integration and utilisation of stETH across various DeFi ecosystems and networks.</p>
<p>Despite the overall positive metrics, the 7-day trading volume for (w)stETH recorded a 7.25% decrease, totalling $1.23 billion for the week. This drop in trading volume suggests a temporary slowdown in trading activity, though it remains within a healthy range considering the overall market conditions.</p>
<p>These updates reflect Lido’s continued growth and resilience in the staking and <a href="https://blockchainreporter.net/defi/" rel="noopener noreferrer nofollow">DeFi </a>space. While some metrics showed minor fluctuations, the overall trend indicates strong performance and increasing adoption of Lido’s staking solutions.</p>

Lido Reports Positive Staking Metrics for Late June

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