Lido’s market cap surge- Is it a bubble? Investigating factors at play

Over the last 14 days, Lido’s market cap increased by 47.7%. However, over the last few months, the APR provided by the Lido protocol to its users decreased steadily.token. Why? Well, of course, because it would be less attractive for users to stake their assets in Lido, which could lead to a reduction in TVL in the long run.

Additionally, the activity of the token fell as the velocity of the token plummeted sharply. A decline in velocity suggests that the frequency with which the LDO token was being exchanged amongst addresses decreased over time.In conclusion, Lido’s spike in its market cap may be short-lived. At press time, LDO was trading at $2.32 and its price increased by 0.27% in the last 24 hoursSubscribe to get it daily in your inbox.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Metro Police Investigating Attempted Break and Enter at BusinessRNC are looking for the public's help after an attempted break and enter at a St. John's business. Police were... What's the news on the drug bust that happened before Christmas in Corner Brook? What is the point of all the secrecy Why don't they just name the business ? Asking for public assistance and information but won't name the business involved ! So stupid
Sumber: VOCMNEWS - 🏆 74. / 51 Baca lebih lajut »