#BNB On-chain, an underestimated fundamental: # ListaDAO

ListaDAO has just released the 2025 full-year review, and the data is more impressive than expected.
Let's look at the scale:
Total staking amount: $4.3 billion, a new historical high, up 520% year-over-year, ranked #2 on the BNB chain
BNB-related staking: approximately $1.5 billion, +185% YoY, market share over 60%, already the largest staking layer on the BNB chain
Lending feature launched only 6 months ago, TVL directly reached $1.99 billion
This is not just "storytelling," but real capital choices.
Now, let's look at quality:
Staking represents long-term capital
Lending is a high-frequency use case
The combination of the two forms a stable on-chain cash flow
The result is straightforward—
Protocol revenue increased by 131.6% YoY.
In DeFi,
TVL can be faked,
but sustainable income cannot.
In one sentence:
ListaDAO is evolving from a “BNB ecosystem tool” to the “financial infrastructure of the BNB chain.”
When staking, lending, and revenue lines all align,
the market often hasn't had time to assign a proper valuation.