Lido reports increased TVL and 'remarkable' protocol adoption in July

Quick Take

  • Lido boasts of “remarkable” protocol adoption and bullish metrics in its second monthly report.

The total value locked in Lido surpassed $15 billion for the first time since May 2022, according to the Ethereum staking protocol.

In its second Lido Monthly Report, the team also noted that the protocol "consistently experienced large monthly net inflows of ETH deposits," despite the ability to withdraw staked