Lido Finance: Negative sentiment overshadows double-digit growth

📆 04/06/2023 06:35:00
📰 CryptoAmb

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LDO was one of the biggest gainers in May. However, the price rise and growth in other aspects has not been convincing enough for the broader market.

This happened despite LDO’s performance in all of May. In the last 30 days, Lido Finance’s governance token price increased by 15.34%.While LDO has experienced significant price appreciation, with a solid performance in terms of price and trading volume, several factorsA critical concern was the concentration of LDO tokens in the hands of a few large holders, which raised questions about decentralization and governance.

Hence, the increase in the metric suggested that LDO was one of the most talked about tokens in the crypto community at press time. However, growth in the Lido ecosystem has been wider than price action and social activity alone.

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