Leading liquid staking protocol for Ethereum [ETH], Lido Finance [LDO] saw its total value locked (TVL) surge by almost 7% in the past week. This was due to an uptick in the prices of ETH and Polygon [MATIC] and a surge in staking deposits on the protocol. Between 27th November and 4th December, the values of ETH and MATIC rallied by 7% and 6%, respectively. At press time, Lido’s TVL stood at around $21.32 billion, rising by 25% in the last month, data from DefiLlama showed. Following a brief period of decline in net deposits made to the Ethereum Beacon Chain through Lido, the DeFi protocol regained its position as the protocol with the most staking deposits. During the seven-day period under review, Lido recorded an inflow of 76,961 in net new ETH staking deposits, data from Dune Analytics showed.