November 24, 2024

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Ethereum LSDFi sector grew nearly 60x since January in post-Shapella surge: CoinGecko

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Ethereum LSDFi sector grew nearly 60x since January in post-Shapella surge: CoinGecko

The Ethereum liquid staking derivatives finance (LSDFi) ecosystem has seen a surge in growth this year as Ether (

Over the past two weeks, Ethereum proponents have cheered on the rise of LSDFi platform Diva, which they say is carrying out a “vampire attack” on Lido, enticing users and liquidity from Lido by offering higher incentives.

Diva offers token rewards to stakers that lock up their ETH and Lido staked ETH (stETH) for divETH. Since the beginning of October, Diva’s TVL has surged 650% to 15,386 stETH valued at around $24 million, according to Divascan.

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