Ethereum

Lido DAO

Liquid Staking Derivatives

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
Ethereum-based Liquid Staking Derivatives (LSD) protocol Lido DAO (LDO) has released its performance report for the month of July, showcasing some of its <a href="https://u.today/lido-finance-ldo-shows-enormous-net-network-growth-indicators-hit-bullish-levels" rel="noopener noreferrer nofollow">impressive milestones</a> following the Shapella Upgrade. As contained in the Lido <a href="https://blog.lido.fi/lido-monthly-report-july-2023/" rel="noopener noreferrer nofollow">report</a>, its total value locked (TVL) surged to a high of $15 billion in July, a level it has not recorded since May 2022. 
While the Shapella Upgrade, which enables investors to withdraw their staked ETH coins, is supposed to slow down the patronage to Lido, the opposite reaction was recorded eventually. The Lido report also highlights some core growth metrics, including total user count. 
According to Lido DAO, the total number of users embracing the LSD platform for the very first time jumped to a peak of 10,000 new stakers. Most of these new stakers did not come without a cogent agenda to drive growth, and their positive gesture has translated to more ETH coins being staked; Lido said it is confident the total Ethereum coins staked on its platform will likely surpass eight million. 
Lido DAO remains the dominant LSD protocol while also being the dApp with the <a href="https://u.today/lido-finance-now-holds-33-of-all-staked-ethereum-eth-details" rel="noopener noreferrer nofollow">highest</a> total value locked (TVL) on the Ethereum protocol. 
<h2 id="lido-metrics-and-antagonistic-price">Lido metrics and antagonistic price</h2> 
The report of its performance as published by Lido shows a number of negative metrics across the board, but the positive figures generally offer a key covering as it seeks to distinguish itself. 
Despite this, the LDO token has been recording a comparatively poorer performance. Despite the documentation of significant price actions in the past, LDO at this time is worth just about $1.84, <a href="https://coinmarketcap.com/currencies/lido-dao/" rel="noopener noreferrer nofollow">down</a> about 1.14% over the past 24 hours and by more than 4% in the month-to-date period. 
Lido is a protocol with <a href="https://u.today/ethereum-eth-staked-on-lido-finance-sets-new-milestone-details" rel="noopener noreferrer nofollow">solid insurance</a> for its future as the broader Ethereum ecosystem journeys on with its evolution.

Lido DAO (LDO) Unveils Growth Metrics Post-Shapella Upgrade: Details

विषयसूची

U_Today

7 अग॰ 2023 को प्रकाशित अन्य लेख

Classmate Academy powered by Leancoin - Exciting News

Ethereum holds above $1.8k, whale activity drops

MakerDAO Denies Users to Enter Spark Protocol Via VPN Ignites Debate

FNGR Stock Lost Over 10% Intraday; Sellers Planning Something?

Developer Linked to Curve Exploit by ZachXBT Is a Victim, Not a Hacker

Redefining Duplicate Avatar and Verification in EXGOLAND

रोजाना क्रिप्टो अपडेट पाने के लिए हमारे मुफ्त न्यूजलेटर से जुड़ें!