Binance's Ethereum TVL (Total Value Locked)

Kamal531 · Post time 30-9-2023 17:30:30

Binance's Ethereum TVL (Total Value Locked) in liquidity staking has reached $1.2 billion.

According to DefiLlama data, Binance's Total Value Locked (TVL) in Ethereum liquidity staking has reached $1.2 billion. In April of this year, Binance launched an upgraded version of BETH called WBETH, which is a liquidity staking derivative that allows investors to use tokens for lending on DeFi protocols outside of Binance while earning staking rewards. When users stake ETH through Binance, they receive derivative tokens representing their staked assets. According to 21Shares' Dune dashboard, Binance holds 1.2 million staked ETH, making it one of the largest participants in the Ethereum staking network, second only to Lido Finance and Coinbase.

Jiten171 · Post time 30-9-2023 17:42:32

I heard that Binance Exchange is quite impressive. It has only been established for a few years and is already considered one of the top three exchanges!

Kahn332 · Post time 1-10-2023 00:24:10

So, this guy is from Binance! I've been seeing him in the news recently.

Kalkin995 · Post time 1-10-2023 00:34:41

Binance is indeed an exchange. How's the trading volume, and is it trustworthy?