DefiLlama: More Value Locked in Liquid Staking Protocol

According to DefiLlama, decentralized exchanges (DEXs) now have less total value locked (TVL) compared to liquid staking protocols such as Lido and Rocket Pool, with $17.47 billion and $17.2 billion respectively. TVL is a metric that measures the dollar value of all cryptocurrencies locked in a protocol's smart contract. Liquid staking protocols allow users to stake their coins and use them in other DeFi apps. Currently, Lido is at the top with a total locked value of $11.54 billion in its smart contract, followed by Coinbase Wrapped Staked Ether (CBETH) and Rocket Pool.