COST Ethereum ETH Twitter

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

Reading now: 609
ambcrypto.com

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.

Read more on ambcrypto.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA