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Usha Yadav
May 23, 2022
by Usha Yadav

Lido Crashes, Locking in $11B in Total Value (TVL)

Lido TLV

Table of contents

  1. Reason of Declining
Lido was the second most valuable decentralized application (Dapp) throughout April. Lido lost 57 percent of its all-time high TVL on April 6, according to Be[In]Crypto Research. On that day, TVL was worth around $20.4 billion, while on May 22, it was worth around $8.6 billion. Lido is a liquidity staking protocol to introduce staking to millions of individuals. Users can stake their assets for daily rewards on a protocol with no minimum staking requirement. StakeEther, Curve, MakerDao, Ledger, Anchor Protocol, SushiSwap Onsen, and 1inch are among the services and applications connected with Lido.

Reason of Declining

Due to a general market slump in the total value locked on the blockchains where TVL is used, it has dropped dramatically.

On April 6, the value of TVL on Ethereum was over $10.32 billion. Due to dwindling investor interest, this sum fell 17 percent to $8.47 billion on May 22. On the day of its all-time high in value locked, LDO TVL on Terra was valued at $9.66 billion. Terra's entire worth was $14,870 on May 22, a 99 percent decrease in six weeks. On May 22, the TVL on Solana was around $417.17 million, down 69 percent from the Lido milestone of $417.17 million.

At the pinnacle of the dApp's highest value locked on Moonriver, LDO TVL was around $2.57 million. During the same period, investor interest in decentralized finance dropped by 27% to $1.86 million.

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Lido TVL decentralised application
Lido Crashes, Locking in $11B in Total Value (TVL)
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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