Lido Finance [LDO], the largest liquid staking protocol, recorded another fruitful month in November, confirming its place as one of 2023’s biggest success stories. The total value locked (TVL) on the DeFi project went past $20 billion for the first time since April 2022, according to a November monthly report published by Lido. This marked a 18.61% hike since October. AMBCrypto validated the statistics with DeFiLlama, which also revealed a 3.5x hike in TVL since the beginning of 2023. To put this in context, Lido’s TVL as of press time was more than the combined TVL of the second and third-ranked protocols on the list.