While defillama.com notes that Lido’s TVL is $18.97 billion, it only accounts for four of the blockchains that Lido uses for staking. Polygon is missing from defillama.com’s metrics, and according to Lido’s stats on April 20, 2022, there’s $19,220,700,179 staked among 99,606 stakers. Lido stats show $10.6 billion from Ethereum, $8.21 billion from Terra, $363 million from Solana, $3.3 million from Kusama, and $13.8 million stemming from the Polygon network.
One particular benefit of Lido is people can skip using a validator lock-up period because they can sell their bonded tokens on the open market. Choosing this route, however, the user will lose the fee associated with the dex swap and roughly 1-2% in value depending on the bonded token. Lido Finance is considered a “staking company,” and there are a number of staking companies in the industry. Today, there are staking companies such as Kyber Network, Celer Network, Blockdaemon, and more. Lido, however, has an enormous amount of value locked today across five different blockchains and in recent times the total quantity of staked assets has swelled exponentially.
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