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Did Lido DAO’s 42% rally trigger the DeFi market’s recovery

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ambcrypto.com

Lido DAO may not be the most famous protocol or token in the crypto space, but at one point, it was worth much more than any other DeFi asset.Currently, the altcoin is exhibiting similar traits by leading the DeFi market out of the bears’ territory.It has been a rising star in the Decentralized Finance (DeFi) space.

Although it only noticed demand over the last few months, it did have all the attention for a while after the liquid staking protocol became the biggest Dapp, with the total value locked on it exceeding $20 billion.However, it couldn’t save itself from the impact of the crash of May and June.

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