Alex Svanevik, CEO of blockchain data analysis platform Nansen, said on Twitter that the total value of Ethereum (ie, the total value of stETH) pledged in Lido Finance has exceeded the circulating market value of LTC.
According to Lido’s official website, the current market value of stETH is about $8.842 billion, while according to CoinMarketCap data, the current market value of LTC is about $8.804 billion.