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Lido Finance [LDO]: Assessing what went wrong with this token in the last seven days

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Lido Finance [LDO], via a Twitter thread, informed community members of the performance of the DeFi Protocol between 17 June and 24 June.According to the thread, Lido recorded a 13% uptick in its Total Value Locked (TVL) within the period in consideration, thus bringing its TVL to $5.22 billion.

However, as the rest of the market involved in Liquid Ethereum Staking ahead of the launch of ETH 2.0 saw a growth of 2.35%, Lido recorded a slow growth of 0.04% “due to lower cost of purchasing stETH off secondary markets.”Amongst other updates provided to members, Lido also confirmed the existence of a positive daily ETH balance on the protocol since 18 June.According to data from CoinMarketCap, the protocol’s native token, LDO, also witnessed a price growth of 16% within the period under review.

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