Liquid staking replaces DeFi lending as second-largest crypto sector

02/27 10:15

The total value of crypto assets deposited in liquid staking protocols was $14.1 billion as of European hours on Monday, making it the second-largest crypto market sector, according to data source DeFi Llama. The total value locked in the DeFi lending and borrowing protocols was $13.7 billion, the third largest, while decentralized exchanges, with deposits of $19.4 billion, held the top spot. Ethereum's upcoming Shanghai upgrade, which will allow stakers to withdraw the ether (ETH) they have staked and the accumulated rewards for the first time, has galvanized investor interest in liquid staking. Liquid staking is the best-performing crypto sector this year, with growth in total value locked (TVL) approaching 60%.
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