Lido Finance has reached a new milestone. Its total value locked (TVL) has climbed to $41 billion, the highest level ever recorded. The jump comes as Ethereum pushes higher, lifting the price of LDO along with it.
The update was shared by Milk Road, who told followers to keep an eye on LDO. They pointed out that Lido is a core part of the Ethereum ecosystem and benefits directly from ETH’s momentum. The LDO price is up 64% over the past month. They also suggested that other Ethereum-linked tokens could see gains in this cycle.
What the Chart Shows
The TVL chart from DeFiLlama tracks Lido’s growth since 2021. It started small but rose quickly during the 2021–2022 bull run, peaking near $20 billion. Then the market crash hit, and TVL fell sharply.
Keep an eye on $LDO@LidoFinance just hit a new TVL ATH: $41B.
— Milk Road (@MilkRoadDaily) August 14, 2025
As a core part of the Ethereum ecosystem, it’s riding $ETH’s latest surge.$LDO is up 64% over the past 30 days.
Expect other Ethereum adjacent tokens to shine this cycle too. pic.twitter.com/uo2xbzx4jj
In 2023, Lido began a steady climb as ETH recovered and more users staked their coins. By late 2023 and early 2024, inflows picked up speed. TVL broke past old highs and moved above $30 billion before pulling back with the market.
In 2025, the trend has turned strongly upward again. The latest rally has pushed TVL to $41 billion. This shows big inflows of ETH into the platform, coming from both regular users and large investors who want staking rewards without locking up their tokens.
Read also: Elite Crypto Analyst Shares His Exact Ethereum Price Prediction for This Bull Run
Why This Matters for Ethereum and LDO
Lido is the largest liquid staking provider for Ethereum. It lets users stake ETH and receive stETH in return, which can be used in DeFi while still earning staking rewards. As more ETH is staked through Lido, interest in LDO usually rises.
With LDO already up 64% in 30 days, traders are clearly betting on more growth. If Ethereum keeps moving higher, Lido could attract even more deposits, which may push its TVL further into record territory.
This record TVL is not just about Ethereum’s price. It also shows that liquid staking is becoming a key part of the crypto market. If the trend continues, LDO could stay on traders’ watchlists for the rest of the year.
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