In the dynamic cryptocurrency market, Lido DAO (LDO) experienced a substantial 12% surge in the last 24 hours, reaching $3.6, while its market capitalization stands at an impressive $3 billion. Santiment’s recent revelation highlighted Lido DAO among the tokens witnessing a surge in address activity, indicating growing interest and participation since the beginning of the year. Today, Spotonchain detected a strategic move by a smart trader identified as “0xfc9,” who successfully executed a swap from $RNDR to $LDO on Coinbase amid significant price fluctuations. This strategic maneuver resulted in an 11% drop in $RNDR’s value on the 24-hour chart, while
The post Whale’s Move From $RNDR To $LDO Sparks Market Activity appeared first on The Merkle News.
While the Ethereum community prepares for the upcoming Shanghai hard fork in March, the development team for the liquid staking project Lido revealed plans to create an in-protocol withdrawal feature. Lido’s team is seeking community feedback on the proposal that would allow withdrawals after the Shanghai upgrade is completed. Lido Dominates Defi Economy With $7.9 […]
In roughly three days Ethereum is expected to transition from a proof-of-work (PoW) blockchain network to a proof-of-stake (PoS) version via The Merge. Ahead of the transition, the liquid staking project Lido has seen a lot more activity as the value locked in the protocol increased by more than 13% this week. Moreover, the project’s […]
