Eigen Layer observed a massive tick in its deposits and gained province in the LSD space.
Lido continued to see growth, with its token price seeing green.
The Lido [LDO] protocol has been one of the most prominent networks in the LSD sector. It also gained the most from the crypto community’s rising interest in liquid staking.
However, with the rise in interest, the competition also grew. EigenLayer recently achieved a Total Value Locked (TVL) milestone by surpassing $1 billion.
This achievement followed the introduction of six new liquid staking tokens to their platform. Additionally, EigenLayer expanded its global cap from 120,000 ETH to 500,000 ETH.
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EigenLayer has just surpassed $1 billion in TVL after introducing 6 new liquid staking tokens and raising their global cap from 120k ETH to 500k ETH. pic.twitter.com/YrS8mEX3Sw
— ASXN (@asxn_r) December 22, 2023
Even though the LSD space is getting crowded, Lido protocol stands to benefit from this. A major chunk of deposits made
We współpracy z: https://ambcrypto.com/assessing-lidos-dominance-in-the-lsd-sector/
