![Why Lido Finance [LDO] is still a king in the ETH staking world](https://i.headtopics.com/images/2022/8/10/cryptoamb/why-lido-finance-ldo-is-still-a-king-in-the-eth-staking-world-1557208372973297665.webp)
Ethereum’s final transition into a proof of stake network is the most anticipated event in the blockchain and cryptocurrency ecosystem this year. It is therefore imperative to constantly assess how platforms like Lido Finance – which make it possible for its users to stake any amount of ETH in exchange for various reward incentives – […]
At press time, TVL on the platform stood at $7.76 billion, rallying by 39% since 30 June. It ranked behindWith $7.76 billion in TVL, Lido Finance holds an 11% market share in the entire market of $68.98 billion in TVL.In the last seven days, Lido Finance registered a 5.1% growth in its TVL.
The rally is primarily attributable to general growth in the price of many other crypto assets and increased staking with Lido on alt-chains.revealed. With 4,143,904 staked with Lido Finance, it represents 31% of the total ETH staked in the market.However, Lido’s share of total staked ETH has shrunk considerably since 29 May.In addition, the APR offered to those who stake in Lido has declined steadily since the beginning of the year. In January, this stood at 4.93%.
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