CryptoMediaClub
Monday, June 23, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Analysis

Ethereum price surge lifts Lido TVL by 10% despite 26k ETH withdrawals

24.09.2024
A A
0
121
VIEWS
ShareShare

Lido Finance reported that its total value locked (TVL) increased by 10.83% over the past week, reaching $25.18 billion as of Sept. 23. This growth is primarily attributed to a rise in Ethereum’s token price, which boosted the value of assets staked through the platform. Despite the overall increase in TVL, a net total of 26,528 ETH was unstaked during the same period, indicating some users chose to withdraw their assets.

The seven-day APR for staked Ether (stETH) rose by 27 basis points to 3.17%. This uptick reflects heightened activity on the Ethereum network, which can lead to higher staking rewards due to increased transaction fees distributed to validators.

Trading volume for stETH and wrapped stETH (wstETH) also significantly increased, climbing 27.49% to $920.29 million. The higher trading volume suggests growing liquidity and interest in staked Ether derivatives within DeFi markets.

Bridged wstETH—a representation of stETH on other blockchain networks—declined by 2.04%, totaling 191,498 wstETH across multiple chains. The distribution of wstETH varied among different networks:

Network wstETH Amount Change (%)
Arbitrum 85,086 wstETH -1.56%
Optimism 36,628 wstETH -0.85%
Base 27,689 wstETH -5.07%
Scroll 20,490 wstETH -0.65%
Polygon 11,967 wstETH +5.65%
Linea 3,818 wstETH -0.72%
BNB Chain 2,802 wstETH -31.46%
zkSync 1,844 wstETH -1.54%
Cosmos 1,168 wstETH +0.01%

Notably, the BNB Chain experienced a substantial decrease of 31.46% in wstETH holdings, which may indicate a shift in user preference or strategic reallocations to other networks. Conversely, Polygon saw a 5.65% increase, suggesting growing user engagement with its Layer 2 scaling solutions.

The movements of wstETH across various networks reflect the dynamic strategies of DeFi participants seeking optimal yields and network efficiencies. The decline in bridged wstETH suggests a cautious approach by users. The substantial unstaking of ETH might also indicate profit-taking or repositioning in anticipation of market shifts.

The amount of stETH in lending pools and restaking protocols remained relatively stable at 2.79 million and 1.36 million stETH, respectively. This stability indicates sustained confidence in these platforms for generating passive income through lending and staking activities. However, liquidity pools experienced a significant reduction of 22.22% in stETH holdings, decreasing to 74,800 stETH. The drop in liquidity pool participation could affect trading efficiencies and slippage rates for stETH pairs on decentralized exchanges.

Understanding these patterns is crucial for stakeholders navigating the DeFi landscape effectively. The interplay between staking rewards, network activity, and asset allocation strategies significantly shapes market forces.

The post Ethereum price surge lifts Lido TVL by 10% despite 26k ETH withdrawals appeared first on CryptoSlate.

Share9Tweet6ShareSharePin2

Related Posts

Texas to buy Bitcoin for state reserves long before Trump’s Bitcoin reserve delivers
Analysis

Texas to buy Bitcoin for state reserves long before Trump’s Bitcoin reserve delivers

23.06.2025
0

Texas is now legally empowered to build its own Bitcoin reserve funded with taxpayer dollars before the federal government takes...

Read moreDetails
Major Ethereum, Solana, XRP losses cause chance of Altcoin Season to drop to 12 month low amid Bitcoin strength

Major Ethereum, Solana, XRP losses cause chance of Altcoin Season to drop to 12 month low amid Bitcoin strength

23.06.2025
Bitcoin and Ethereum inflows surge past $1.2B despite rising geopolitical risks

Bitcoin and Ethereum inflows surge past $1.2B despite rising geopolitical risks

23.06.2025
Over $1.79 billion liquidated from crypto market as Bitcoin dipped below $100k after US bombed Iran

Over $1.79 billion liquidated from crypto market as Bitcoin dipped below $100k after US bombed Iran

23.06.2025
Standard Chartered forecasts surge tokenizing real-world assets beyond stablecoins

Standard Chartered forecasts surge tokenizing real-world assets beyond stablecoins

21.06.2025
Load More
Next Post
Early Shiba Inu Buyer And Crypto Millionaire Swaps 1,000 ETH For This New Meme Coin

Early Shiba Inu Buyer And Crypto Millionaire Swaps 1,000 ETH For This New Meme Coin

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Solana traders prepare for FTX-induced sell pressure on SOL — Is it premature?

Solana traders prepare for FTX-induced sell pressure on SOL — Is it premature?

2 years ago
South Korean Inventory Change ‘Exploring’ Crypto Spot ETF Approvals

South Korean Inventory Change ‘Exploring’ Crypto Spot ETF Approvals

6 months ago
ProShares Bitcoin Strategy ETF Yet Again Surpasses $1B AUM

ProShares Bitcoin Strategy ETF Yet Again Surpasses $1B AUM

2 years ago
Use of Crypto in iGaming Declined in 2023

Use of Crypto in iGaming Declined in 2023

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Major Ethereum, Solana, XRP losses cause chance of Altcoin Season to drop to 12 month low amid Bitcoin strength

HKD Stablecoin for International Trade in Preparation

Bitget Becomes Regional Partner for MotoGP Grand Prix Events

Bitcoin and Ethereum inflows surge past $1.2B despite rising geopolitical risks

Texas Establishes Strategic Bitcoin Reserve With Budget Investment Potential

Why Is Crypto Down Today? – June 23, 2025

Trending

Solaxy (SOLX) Price Set to Heat Up as Solana Layer 2 Lists on DEXs, Major Exchanges to Follow 
All news

Solaxy (SOLX) Price Set to Heat Up as Solana Layer 2 Lists on DEXs, Major Exchanges to Follow 

23.06.2025
0

New Solana Layer 2 Solaxy (SOLX) listed on DEXs today. SOLX can be bought on Uniswap and...

Texas to buy Bitcoin for state reserves long before Trump’s Bitcoin reserve delivers

Texas to buy Bitcoin for state reserves long before Trump’s Bitcoin reserve delivers

23.06.2025
$2M Whale Purchase Rescues FARTCOIN from Collapse — $2 Price Target Within Reach?

$2M Whale Purchase Rescues FARTCOIN from Collapse — $2 Price Target Within Reach?

23.06.2025
Major Ethereum, Solana, XRP losses cause chance of Altcoin Season to drop to 12 month low amid Bitcoin strength

Major Ethereum, Solana, XRP losses cause chance of Altcoin Season to drop to 12 month low amid Bitcoin strength

23.06.2025
HKD Stablecoin for International Trade in Preparation

HKD Stablecoin for International Trade in Preparation

23.06.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz