According to @cas_abbe, Folks Finance is a significant application on the Algorand blockchain offering a compelling product with xALGO Liquid Staking. Traders can stake ALGO tokens to receive xALGO, maintaining liquidity while earning yield. Additionally, the platform provides extra incentives and double points to enhance user benefits. Importantly, the service operates with no fees, making it an attractive option for maximizing returns. This setup could appeal to traders looking to optimize their holdings in the Algorand ecosystem.

According to IntoTheBlock, Lido continues to dominate the liquid staking token (LST) market, with stETH representing a substantial share of the total staked ETH. Over 9.8 million ETH are currently staked through Lido, held by 319,819 unique addresses.