Liquid Staking Tokens (LST) protocols saw a surge in popularity, becoming a major category in decentralized finance.

Claim

Name

Liquid Staking Tokens (LST) protocols saw a surge in popularity, becoming a major category in decentralized finance.

Types

Quotes that support the claim

"Twenty-six billion dollars. That’s how much money is currently deposited into liquid staking token (LST) protocols, by far the biggest category in decentralized finance (DeFi)."

Subclaims

The ease of use and flexibility offered by liquid staking tokens made them a preferred choice for cryptocurrency staking, significantly contributing to the growth of the DeFi sector.

Tags

Rise of Liquid Staking in DeFi

Referenced by

2023 Closing Review

Crypto