According to data from Nansen, of the circulating supply of stETH, about 931,000, or 20%, are located on the Aave aSTETH Token cryptocurrency lending platform. contractwhile roughly 411,000 or 8.75% reside on Curve’s decentralized stablecoin exchange stETH-ETH Swap contractwhich demonstrates the token’s wide integration into DeFi protocols.
Lido’s block total has grown by 33% in the past month to become TVL’s largest DeFi protocol, says DeFiLlama
