{"id":491142,"date":"2022-05-23T16:00:38","date_gmt":"2022-05-23T16:00:38","guid":{"rendered":"https:\/\/wncen.com\/?p=491142"},"modified":"2024-06-11T14:20:03","modified_gmt":"2024-06-11T14:20:03","slug":"lido-ldo-sheds-11-billion-in-tvl","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/lido-ldo-sheds-11-billion-in-tvl\/","title":{"rendered":"Lido (LDO) Sheds 58% Of Its All-Time High TVL At $11 Billion"},"content":{"rendered":"
Lido TVL or total value locked, toppled over to new high lows seen in the third week of this month following the bearish movement of the DeFi market.<\/span><\/p>\n LDO has shaved off over 58% of its TVL, which registered an all-time high of $20.4 billion on April 6 but dropped down to roughly $8.6 billion on May 22.<\/span><\/p>\n Suggested Reading | Ripple (XRP) Plunges To $0.43 With Bears In Full Swing<\/a><\/em><\/strong><\/p>\n Lido, a liquidity staking solution, targets orienting people towards staking. It has zero minimum staking requirements which is a great feature, to begin with. The users can freely stake assets in exchange for daily rewards.<\/span><\/p>\n A couple of applications and services connected with Lido comprise Anchor Protocol, Curve, MakerDao, 1inch, StakeEther, Ledger, and SushiSwap Onsen.<\/span><\/p>\n LDO’s TVL has been dramatically slipping due to the overall crypto market crisis going on for several months now. Its TVL on Ethereum was at $10.32 billion on April 6. After reducing investor interest, its TVL decreased 17% or equivalent to $8.47 billion on May 22.<\/span><\/p>\n Meanwhile, its TVL on its all-time high on Terra was at roughly $9.66 billion. However, the figures dropped 99% on May 22, or approximately $14,870 in six weeks.\u00a0\u00a0\u00a0<\/span><\/p>\n LDO TVL on Solana used to be hovering at $417.17 million, but it went down by nearly 70% or roughly $126.24 million on May 22.<\/span><\/p>\n <\/p>\n Lido TVL on Moonriver was at $2.57 million during the height of dApps popularity. However, when investor interest waned, the values also crashed by 27%, equivalent to $1.86 million seen in that same period.<\/span><\/p>\n After crashing by more than $11 billion, LDO has been demoted from the ranks close to MakerDAO and Curve.<\/span><\/p>\n On the flip side, despite Lido\u2019s drop in terms of TVL, it still is superior in TVL compared to Convex Finance, JustLend, Aave, SushiSwap, Uniswap, Instadapp, PancakeSwap, Compound, and Just Lend.<\/span><\/p>\n It opened on April 6, trading at $4.27. However, the coin dropped on May 12 at $1.23 and seems to be not going over the $1.33 mark today. Looking at those figures, this would give you as much as a 68% loss in LDO price in just six weeks.<\/span><\/p>\nLido TVL Down 17%<\/b><\/h2>\n
LDO total market cap at $395 million on the daily chart | Source: TradingView.com<\/a><\/pre>\n
LDO Still Superior In TVL<\/b><\/h2>\n