As of April 15, 2023, the TVL of various decentralized finance (Defi) protocols reached $53.68 billion. Currently, about $16.96 billion or 31% of Defi’s TVL is in ETH. Lido’s TVL is about $12.74 billion, accounting for 23.74% of Defi TVL.
Rising ETH prices above $2,000 and deposits into ETH-based liquidity staking protocols have all contributed to the value growth of these platforms.
For example, Lido’s TVL has increased by 18.02% over the past 30 days, while Coinbase’s liquidity staking protocol has increased by 16.51% over the same period. Rocketpool’s TVL is up 22.48%, while Stakewise is up 15.83%.
Data on March 14, 2023 shows 7,749,372 ETH locked in liquid staking platforms; as of April 15, this number reached 8,30,870 ETH — an increase of 281,498 ETH in just one month.
Meanwhile, validators have withdrawn a total of 332,368 ETH since integrating the Shapella hard fork. Currently pending withdrawals are approximately 1.48 million ETH. The annual percentage rate (APR) for staking ETH is currently around 4.98%. Currently, beacon chain contracts hold 18,386,887 ETH worth $38.67 billion.
According to Nansen, about 81% of ETH validators have updated their withdrawal addresses, while 18.5% have not. The three entities with the most withdrawals were Kraken, Binance, and Coinbase.
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