Lido moved to sixth place in 24-hour protocol fees with $1.2M in earnings, surpassing Fake World Assets which collected $965,522 over the same period, according to on-chain data from DefiLlama. The shift marks a one-rank advance from Lido's seventh-place position the prior day.
Lido is the largest liquid staking protocol by total value locked. The ranking captures raw fees earned by protocols across all chains in a rolling 24-hour window, a metric that can fluctuate with network activity and transaction volume rather than sustained protocol health or adoption.
Fake World Assets, a tokenized real-world asset protocol, had held the sixth spot. Both protocols operate in separate niches: Lido captures fees from Ethereum stakers and derivative trading, while Fake World Assets generates revenue from RWA custody and settlement transactions.
Protocol fee rankings shift regularly between established staking protocols, decentralized exchanges, and emerging RWA platforms, each capturing fees through distinct mechanisms and user bases.
Lido collected $1.2M versus Fake World Assets' $965,522, a 24% spread. Single-day ranking movements on fee leaderboards often track hourly volatility in network congestion and user behavior rather than durable competitive positioning.
