Lido Finance Up 8% After Overtaking MakerDAO’s TVL
Lido Finance’s LDO token is up by almost 8% in the past 24 hours, reaching a weekly high of $1.26 earlier today. LDO's price surge comes after the liquid staking protocol overtook DAI creator MakerDAO to become the largest DeFi protocol by total value locked (TVL) earlier this week.
Over the past month, MakerDAO’s TVL has slipped by over 8% to $5.93 billion, according to data from DeFiLlama. In the same period, Lido Finance’s TVL retreated by around 2% and now stands at $5.99 billion, resulting in Lido Finance taking the top spot in terms of TVL. According to data from CoinGecko, LDO is currently trading at around $1.24 after retreating from its weekly high.The higher the TVL, the more popular the decentralized finance (DeFi) protocol is.
Source
https://t.me/Cash_Blockchain_News
