Liquid staking protocol Lido said its staked Ethereum on the Beacon Chain reached 5.05 million ($8.32 billion).

LDO surged 18% to $2.45 in the last 24 hours, according to CryptoSlate data. The token rose by 16% in the previous seven days and 25% in the last 30 days.

Lido dominates liquid staking

On Feb. 6, Lido said its staking deposits grew across all chains except Kusama — which has decreased for the past two weeks.

The total value of assets locked (TVL) on the Lido rose by 5.5% in the last seven days to $8.48 billion — with the majority being in ETH, according to data aggregator DeFillama.

Lido’s website shows that $8.32 billion in Ethereum was staked via its platform. Other assets, like Polygon (MATIC), Solana (SOL), Kusama (KSM) and Polkadot (DOT) have a combined value of …