Lido Finance: What TVL crossing $6b mark could mean for LDO

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LidoFinance: What TVL crossing $6b mark could mean for LDO

the investment and purchase 10 million LDOs. Sold LDOs will be unlocked immediately with full voting rights.LDO is also on the list of tokens with the highest trading volume used by the ETH whales.

Meanwhile, the Lido DAO token’s 24-hour trading volume skyrocketed by over 400% to stand at $142.3 million.Such developments definitely end up having a rippling effect on the network’s performance. According to Dune Analytics, Lido’s total value locked increased significantly over the past 30 days. This number stood at $6.4 billion at the time of writing.

 

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Lido Finance: A 7-day assessment of LDO reveals shocking…Lido Finance is a leading DeFi protocol wherein users, for Lido Staked ETH (stETH) and a small percentage in yield, are allowed to deposit Ethereum. In its Lido Weekly Digest, published on 15 July, the protocol updated its users on the developments related to Lido and the “surrounding liquid staking space” between 8 July and […]
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