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Lido’s latest market move could have ETH stand here despite market conditions

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Lido [LDO] witnesses a massive uptick in APR Validators on Ethereum also showed interest along with large addresses On 13 November, the Lido proposal led to the surge of the allowable APR from 10% to 17.5%. The proposal at hand also led to Lido stETH APR touching 10.2%. Yesterday, the Lido 143 proposal increased the […]

Source: Glassnode

In accordance with its mean transaction volume, Ethereum’s network growth appreciated as well. A spike in network growth would suggest the number of new addresses that transferred ETH for the first time had increased substantially. However, during this period, Ethereum’s velocity declined. This indicated that the frequency at which ETH was being exchanged between addresses had decreased. The total NFT trade volume also fell, suggesting a decreasing level of interest in them.It remains to be seen whether the spike in APR would attract more people to buy ETH for staking purposes.

At the time of writing, ETH was trading at $1,229.56 and had depreciated by 1.29% in the last 24 hours. However, its volume had appreciated by 28.68% during the same period, according to

 

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Lido’s latest market move could have ETH stand here despite market conditionsLido [LDO] witnesses a massive uptick in APR Validators on Ethereum also showed interest along with large addresses On 13 November, the Lido proposal led to the surge of the allowable APR from 10% to 17.5%. The proposal at hand also led to Lido stETH APR touching 10.2%. Yesterday, the Lido 143 proposal increased the […]
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