Lido overtakes MakerDAO and now has the highest TVL in DeFi By Cointelegraph

Liquid Staking Protocol Lido Finance may have been the most affected by the merger in September. Its total value locked (TVL), currently sitting at the top among all other decentralized finance (DeFi), protocols, is a clear indication that it has benefited the most.

According to data from DeFiLlama, Lido’s liquid staking protocol now commands $5.9 billion in TVL, compared to MakerDAO’s $5.89 billion and AAVE’s $3.7 billion.