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DefiLlama Tracks Stakee: Liquid Staking on TON Gains Visibility

DefiLlama Tracks Stakee: Liquid Staking on TON Gains Visibility

In the fast-paced world of DeFi, staying on top of the latest protocols and their performance is key. That's why it's exciting news that DefiLlama, the premier analytics platform for decentralized finance, has started tracking Stakee on its Fees & Revenue Dashboard. Stakee is a liquid staking platform built on the TON blockchain, and this move shines a spotlight on its growing role in the ecosystem.

For those new to the concept, liquid staking lets you stake your cryptocurrency—like TON coins—while keeping your assets liquid. Instead of locking up your tokens and waiting for them to unstake, you get a derivative token (often called a staked token) that you can use in other DeFi activities, such as trading, lending, or even farming yields. It's a game-changer because it maximizes your earning potential without sacrificing liquidity. On TON, which is known for its speed and integration with Telegram, platforms like Stakee make staking accessible starting from just 1 TON, with instant withdrawals right through a Telegram bot at t.me/StakeeBot/app.

DefiLlama's dashboard provides transparent data on protocols' total value locked (TVL), fees generated, and revenue. According to the latest figures, Stakee boasts a TVL of over $24 million, all on the TON chain. Its annualized fees sit at around $62,232, with 30-day and 7-day fees both at $5,101, and 24-hour fees at $1,838. Cumulative fees also stand at $5,101. These numbers might seem modest compared to giants like Ethereum-based protocols, but they signal steady growth in TON's DeFi landscape.

DefiLlama dashboard screenshot for Stakee showing TVL and fees

This tracking comes at a perfect time for the TON ecosystem, which has been buzzing with activity, including a surge in meme tokens. Liquid staking platforms like Stakee enhance overall liquidity, making it easier for users to participate in DeFi without missing out on staking rewards. For meme token holders on TON—think projects like Notcoin or other viral coins—this means more ways to put their assets to work, potentially boosting the entire network's adoption.

If you're a blockchain practitioner or just dipping your toes into TON, keeping an eye on Stakee via DefiLlama's protocol page is a smart move. It not only offers real-time insights but also helps benchmark against other staking solutions on TON, such as Tonstakers or bemo. As TON continues to evolve, integrations like this with top analytics tools will likely drive more innovation and investment.

Stay tuned to Meme Insider for more updates on how DeFi tools and meme ecosystems intersect, helping you level up your crypto knowledge.

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