Decoding Lido Finance’s [LDO] hurdles in growth despite continued upgrades

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

LDO token holders’ revenue and TVL failed to show noticeable growth. Short-term selling wave pulled LDO down by 6% at the time of writing. Three days after introducing major new features as part of the Lido V2 upgrade, Lido Finance [LDO] announced the mainnet update of its MEV Boost relay list. Today the first mainnet […]

on the news of increased scrutiny of staking on centralized exchanges, it retreated by almost 6% at press time. What could be behind this pullback?Data from Santiment showed that LDO’s exchange inflow and by extension the exchange balance increased dramatically on 10 February. This implied that investors started transferring their tokens to sell them off and earn profit.The MVRV 30-Day Ratio also aligned with this deduction.

Having said that, LDO holders should remain optimistic about the token’s prospects, as SEC’s regulatory chokehold on centralized exchanges could be a big macroeconomic trigger for the growth of liquid staking protocols.Subscribe to get it daily in your inbox.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Could Lido Finance [LDO] be the biggest gainer amid staking crisis speculationThe LDO token went against the crypto market trend after staking ban speculation emerged. Not many investors held LDO in non-custodial wallets as exchange inflow skyrocketed. The Lido Finance [LDO] price increased against the broader market sentiment after Coinbase CEO Brian Armstrong raised an alarm about a possible crypto staking ban. But why has Lido […]
Source: CryptoAmb - 🏆 22. / 68 Read more »

Yearn Finance whales move close to $60m in double transactions, decoding ‘why’3,869 YFI were moved twice in separate transactions on 8 February. There has been more YFI outflow on exchanges in recent days. Yearn Finance (YFI) recently experienced its biggest volume of “whale transactions” in the past three months. So where do the protocol and YFI stand right now, and what could be in store with […]
Source: CryptoAmb - 🏆 22. / 68 Read more »

City Hall finance report shows 'lack of oversight'A report says Toronto City Hall's finances have inconsistencies about future economic events such as inflation and borrowing costs. Too funny… and now the mayor JohnTory is gone with his TAIL between his legs, so to speak And the mayor steps down citing an affair that's since ended. . . Sure. Something's rotten in Denmark. no kidding
Source: CTVToronto - 🏆 9. / 84 Read more »