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Lido Platform Records $10 Billion Value in Pledges, Ethereum Takes the Lead

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According to reports, according to official data from Lido, the total value of its platform pledge has exceeded $10 billion, reaching $10244294153 at the time o

Lido Platform Records $10 Billion Value in Pledges, Ethereum Takes the Lead

According to reports, according to official data from Lido, the total value of its platform pledge has exceeded $10 billion, reaching $10244294153 at the time of writing. Among them, Ethereum’s total pledge value accounts for the largest proportion, currently exceeding $10 billion, reaching $10075869095, followed by Polygon, with a pledge value of $93592303.

The total value of Lido pledge exceeded $10 billion

Analysis based on this information:


Lido, a liquid staking solution decentralized finance platform, has announced that the total value of its platform pledges has now exceeded $10 billion. This milestone was reached as official data from the platform showed a record value of $10,244,294,153 at the time of writing. It is a testament to the exponential growth of Lido, which connects users to major staking networks, allowing them to earn rewards with minimum effort or required knowledge of the underlying infrastructure.

Of particular note, Ethereum (ETH) accounts for the largest proportion of platform pledges, exceeding $10 billion and reaching $10,075,869,095. This record high is attributed to the rising interest in the platform, driven mainly by the recent upgrades to the Ethereum network, including the move to Proof of Stake.

Proof of Stake (PoS) is widely regarded as the latest innovation in blockchain technology as it improves security, scalability and energy efficiency in the network’s operation. This innovation replaces Proof of Work (PoW), which is known for its high energy consumption and other limitations. Lido, in particular, offers staking services for assets such as Ethereum, Solana, Terra, and a host of others.

In the report based on official data from Lido, Polygon (MATIC) came second on the list, with a pledge value of $93,592,303. Polygon has been one of the top-performing altcoins in recent months, gaining traction in terms of adoption, and network usage. Although it may not be at the same level as Ethereum in terms of total pledge value, the strong support and user base behind Polygon are factors that are contributing to its growth trajectory.

In conclusion, the Lido platform has demonstrated significant growth over time, with its pledges now exceeding $10 billion. The dominance of Ethereum in terms of the total pledge value demonstrates the platform’s strong community and the increasing interest in staking services. This report further emphasizes the importance of the Proof of Stake consensus mechanism and the potential it holds for the future of blockchain technology.

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