Lido’s Total Value Locked Spiked 33% In Past Month, Becoming Largest DeFi Protocol by TVL, Says DeFiLlama

According to data from Nansen, of the circulating supply of stETH, some 931,000, or 20%, sits in crypto lending platform Aave’s aSTETH Token contract, while roughly 411,000 or 8.75% resides in decentralized stablecoin exchange Curve’s stETH-ETH Swap contract, demonstrating the token’s wide integration into DeFi protocols.