Liquid Staking Drives DeFi Growth: Expanding Functionality & TVL Soars

Recent months have witnessed a surge in Decentralized Finance (DeFi) activity, propelled by the rise of liquid staking derivatives (LSDs). Projects like Lido and Rocket Pool are leading the charge, significantly boosting liquidity and user participation. These advancements contribute to substantial increases in total value locked (TVL), showcasing the growing impact of LSDs on DeFi’s landscape.