{"id":532432,"date":"2023-05-13T08:45:46","date_gmt":"2023-05-13T08:45:46","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=532432"},"modified":"2023-05-13T08:45:46","modified_gmt":"2023-05-13T08:45:46","slug":"lido-surges-in-single-day-maintains-dominance-in-liquid-staking","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/lido-surges-in-single-day-maintains-dominance-in-liquid-staking\/","title":{"rendered":"Lido (LDO) Surges 16% In Single Day, Maintains Dominance In Liquid Staking Market"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Having survived a week dominated by the bears, the price of Lido DAO (LDO) is on the rise today, tallying a 16% increase in the past 24 hours. This price recovery has left many wondering if the bearish trend is over and whether the bulls might be onto something here.<\/span><\/p>\n<p><span style=\"font-weight: 400\">That said, Lido Finance continues to assert its dominance in the liquid staking market, recording a substantial increase in its total value locked (TVL) in ETH LSDs in the past week.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/shenyangcang.com\/press-releases\/investors-shy-away-from-bitcoin-btc-and-lido-dao-ldo-and-look-to-sparklo-sprk\/\" target=\"_blank\" rel=\"noopener \">Investors Shy Away From Bitcoin (BTC) and Lido DAO<\/a><\/div>\n<h2><strong>Lido DAO Token Price Overview<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">The past week saw the bears take the cryptocurrency market by storm; this has pretty much been the case since the start of May. We watched on as the latest crypto sensation, PEPE, shed a massive chunk of its recently-accrued value in the last seven days.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The story hasn&#8217;t been any much different for the LDO token. In the past week, this cryptocurrency lost 1.2% of its value. It is worth noting that this figure has only just dropped &#8211; thanks to the upward price movement of the token in the last 24 hours.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Nevertheless, a broader look at Lido\u2019s market performance in the past month still shows a steady price decline<\/span><span style=\"font-weight: 400\">. <\/span><span style=\"font-weight: 400\">This current downturn in price started as far back as April 18, with <\/span><span style=\"font-weight: 400\">the token\u2019s value dipping by more than 20% within this period.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">That said, the token appears to be on some sort of recovery. According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/lido-dao\" target=\"_blank\" rel=\"noopener nofollow\">CoinGecko data<\/a>, a Lido DAO token currently trades at $1.88, tallying an impressive 16.1% increase in the past 24 hours. Meanwhile, there has been a corresponding 63.8% jump in the token\u2019s daily trading volume.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/GfiN2a8p\/\" alt=\"Lido\" width=\"1012\" height=\"602\"><\/p>\n<pre style=\"text-align: center\">Lido DAO trading at $1.894 | Source: LDOUSD chart from<a href=\"https:\/\/www.tradingview.com\/x\/GfiN2a8p\/\" target=\"_blank\" rel=\"noopener nofollow\"> TradingView<\/a><\/pre>\n<h2><strong>Lido Finance Maintains Dominance In ETH Liquid Staking\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/defillama.com\/lsd\" target=\"_blank\" rel=\"noopener nofollow\">Data from DeFiLlama<\/a> reveals that Lido Finance gained an impressive 4.73% increase in TVL in the past week. In the same time, Coinbase Wrapped Staked Ether, the second-largest LSD protocol, lost 0.91% of its TVL.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">A broader look at the metrics shows that Lido\u2019s TVL jumped by more than 11% in the past month. Within the same period, the TVLs of Rocket Pool and Frax Ether rose by a staggering 35.23% and 42.52%, respectively.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-532443 size-large\" src=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/05\/photo_2023-05-13_07-19-14.jpg?resize=860%2C419\" alt=\"Lido\" width=\"860\" height=\"419\"><\/p>\n<p style=\"text-align: center\">Source: DeFiLlama<\/p>\n<p><span style=\"font-weight: 400\">Indeed, LSD protocols, such as Rocket Pool and Frax Ether, are beginning to gain tremendous market share in the liquid staking industry. However, Lido Finance continues to dominate the market, holding 74.35% of TVL in ETH liquid staking derivatives (LSDs). This accounts for 6.6 million ETH of the total locked ether.<\/span><\/p>\n<p>Overall, the liquid staking market continues to expand &#8211; <a href=\"https:\/\/bitcoinist.com\/ethereum-validators-regain-confidence-post-shapella-as-staking-volumes-increase\/\" target=\"_blank\" rel=\"noopener nofollow\">as expected, following the Ethereum &#8220;Shapella&#8221; upgrade<\/a>. As of this writing, a total of <span style=\"font-weight: 400\">8,886,107 ETH is locked in LSDs, with over 450,000 ether tokens added in the last two weeks.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/shenyangcang.com\/all\/lido-dao-records-biggest-network-transaction-in-2-years-santiment\/\" target=\"_blank\" rel=\"noopener \">Lido DAO Records Biggest Network Transaction In 2 Years<\/a><\/div>\n<div>\n<div><\/div>\n<div class=\"disclaimer-shortcode\"><em>-Featured image from Salomon Magaza, chart from TradingView<\/em><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Having survived a week dominated by the bears, the price of Lido DAO (LDO) is on the rise today, tallying a 16% increase in the past 24 hours. This price recovery has left many wondering if the bearish trend is over and whether the bulls might be onto something here. That said, Lido Finance continues to assert its dominance in the liquid staking market, recording a substantial increase in its total value locked (TVL) in ETH LSDs in the past week.\u00a0 Related Reading: Investors Shy Away From Bitcoin (BTC) and Lido DAO Lido DAO Token Price Overview The past week saw the bears take the cryptocurrency market by storm; this has pretty much been the case since the start of May. We watched on as the latest crypto sensation, PEPE, shed a massive chunk of its recently-accrued value in the last seven days.\u00a0 The story hasn&#8217;t been any much different for the LDO token. In the past week, this cryptocurrency lost 1.2% of its value. It is worth noting that this figure has only just dropped &#8211; thanks to the upward price movement of the token in the last 24 hours.\u00a0 Nevertheless, a broader look at Lido\u2019s market performance in the past month still shows a steady price decline. This current downturn in price started as far back as April 18, with the token\u2019s value dipping by more than 20% within this period.\u00a0 That said, the token appears to be on some sort of recovery. According to CoinGecko data, a Lido DAO token currently trades at $1.88, tallying an impressive 16.1% increase in the past 24 hours. Meanwhile, there has been a corresponding 63.8% jump in the token\u2019s daily trading volume. Lido DAO trading at $1.894 | Source: LDOUSD chart from TradingView Lido Finance Maintains Dominance In ETH Liquid Staking\u00a0 Data from DeFiLlama reveals that Lido Finance gained an impressive 4.73% increase in TVL in the past week. In the same time, Coinbase Wrapped Staked Ether, the second-largest LSD protocol, lost 0.91% of its TVL.\u00a0 A broader look at the metrics shows that Lido\u2019s TVL jumped by more than 11% in the past month. Within the same period, the TVLs of Rocket Pool and Frax Ether rose by a staggering 35.23% and 42.52%, respectively. Source: DeFiLlama Indeed, LSD protocols, such as Rocket Pool and Frax Ether, are beginning to gain tremendous market share in the liquid staking industry. However, Lido Finance continues to dominate the market, holding 74.35% of TVL in ETH liquid staking derivatives (LSDs). This accounts for 6.6 million ETH of the total locked ether. Overall, the liquid staking market continues to expand &#8211; as expected, following the Ethereum &#8220;Shapella&#8221; upgrade. As of this writing, a total of 8,886,107 ETH is locked in LSDs, with over 450,000 ether tokens added in the last two weeks. Related Reading: Lido DAO Records Biggest Network Transaction In 2 Years -Featured image from Salomon Magaza, chart from TradingView<\/p>\n","protected":false},"author":590,"featured_media":532447,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83386,3],"tags":[86030,87199,88258],"class_list":["post-532432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","category-news","tag-ldo","tag-lido-dao","tag-lsd"],"acf":[],"yoast_head":"\n<title>Lido (LDO) Surges 16% In Single Day, Maintains Dominance In Liquid Staking Market<\/title>\n<meta name=\"description\" content=\"Having survived a week dominated by the bears, the price of Lido DAO (LDO)is on the rise today, tallying a 16% increase in the past 24 hours.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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