Lido's total value locked (TVL) has declined by almost 10% in the last month. This is attributable to the consistent fall in the prices of ETH, MATIC and SOL.
, ETH lost 14% of its value in the last month while MATIC fell by 25%, and SOL suffered a 28% price drop.As of 13 September, Lido’s TVL stood at around $13.84 billion, down from a peak of over $14 billion in mid-July. Due to the fall in the values of these key crypto assets, Lido’s TVL has fallen by 8% in the last month, data fromWhile Lido’s TVL saw a minor 0.38% fall last week, it led as the protocol with the highest net new deposits on Ethereum during that period.
Regarding Layer 2 platforms, data from Dune Analytics showed a 0.18% increase in the amount of stETH bridged to
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