Overview of LDO's Performance
Lido DAO (LDO), a leading decentralized finance (DeFi) token, recorded a 9.16% intraday surge, reaching $2.54** with a 24-hour trading volume of **$66 million. Its market capitalization stands at $2.136 billion, ranking it 27th among cryptocurrencies.
Key Metrics:
- Circulating Supply: 842,748,403 LDO
- 24-Hour Range: $2.26 (low) – $2.57 (high)
Historical Price Trends
LDO demonstrates strong mid-to-long-term growth:
- 1 Week: +14.89%
- 1 Month: +14.72%
- 3 Months: +115.17%
- 6 Months: +64.04%
- Year-to-Date (YTD): +117.96%
Market Context
The rally aligns with broader crypto market momentum. Analysts attribute gains to:
- Increased adoption of Lido’s liquid staking solutions.
- Positive sentiment around Ethereum’s ecosystem upgrades.
👉 Explore DeFi opportunities with Lido DAO
FAQs
1. What is Lido DAO (LDO)?
Lido is a DeFi protocol enabling staking without locking assets. LDO is its governance token, used for voting on platform upgrades.
2. Why is LDO rising?
Factors include Ethereum’s Shanghai upgrade, growing staking demand, and overall crypto market recovery.
3. Where can I trade LDO?
LDO is listed on major exchanges like Binance, Coinbase, and OKX.
Conclusion
LDO’s bullish momentum reflects its utility in DeFi staking. Investors should monitor Ethereum network developments and market trends for future price action.
Data sourced from public crypto market trackers. Always conduct independent research before investing.
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### Notes: