Decoding the state of Lido Finance’s node and validator operators

LDO happens to be one of the top tokens that have so far managed to hold on to most of the gains it achieved this year. For perspective, its $2.98 press time price was only down by 1.14% in the last 24 hours. In contrast, BTC fell by 4.6% and ETH by 4.78% during the same period.It should be noted here that LDO is down by roughly 12% from its YTD peak despite the resilience against the selloff on 3 March.

The token’s mean coin age is currently down from its February peak at 536.62 to its press time level of 534.45. The outcome confirms that some long-term holders are starting toThe lack of favorable conditions to support network growth is evident in the slowdown observed in February as opposed to January.How many are 1,10,100

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Why Lido Finance’s support of Ethereum upgrade is important?Ongoing voting showed that the Lido community would most likely support the Ethereum Shanghai Upgrade. The protocol’s TVL growth has evidently surpassed others. The call by Lido Finance [LDO] on its community to approve withdrawals on its Staking Router might have yielded the much-needed fruits. According to the snapshot of voting, 100% of the liquid-staking […]
Source: CryptoAmb - 🏆 22. / 68 Read more »