mw cash Ethereum price surge lifts Lido TVL by 10% despite 26k ETH withdrawals

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Lido Finance reported that its total value locked (TVL) increased by 10.83% over the past week, reaching $25.18 billion as of Sept. 23. This growth is primarily attributed to a rise in Ethereum’s token price, which boosted the value of assets staked through the platform. Despite the overall increase in TVLmw cash, a net total of 26,528 ETH was unstaked during the same period, indicating some users chose to withdraw their assets.

The seven-day APR for staked Ether (stETH) rose by 27 basis points to 3.17%. This uptick reflects heightened activity on the Ethereum network, which can lead to higher staking rewards due to increased transaction fees distributed to validators.

Trading volume for stETH and wrapped stETH (wstETH) also significantly increased, climbing 27.49% to $920.29 million. The higher trading volume suggests growing liquidity and interest in staked Ether derivatives within DeFi markets.

Bridged wstETH—a representation of stETH on other blockchain networks—declined by 2.04%, totaling 191,498 wstETH across multiple chains. The distribution of wstETH varied among different networks:

NetworkwstETH AmountChange (%)Arbitrum85,086 wstETH-1.56%Optimism36,628 wstETH-0.85