Captured By Kinjal Gandhi / 4:47 pm on 2 January 2023
Due to the ETH Merge, the liquid staking protocol Lido Finance has benefitted the most, with its total value locked (TVL) standing at the top position among other decentralized finance (DeFi) protocols. As per DeFiLlama, Lido's liquid staking protocol now stands at $5.9 billion in TVL, compared to MakerDAO's $5.89 billion and AAVE's $3.7 billion. According to Nansen, since Ethereum's shift to proof-of-stake staking solutions such as Lido had been in high demand
