Is Lido's dominance in the liquid staking market at risk? Recent data suggests...
According to Santiment’s data, the percentage of large holders of LDO decreased significantly over the last month.
The network growth of the token was also affected during this period. A decreasing network growth for the LDO token suggested that the number of times LDO was transferred for the first time among new addresses declined. This implied that new users were perhaps not buying LDO at its current price.The activity of staked ETH also fell during this period, which could affect Lido’s ecosystem negatively.
While the price of LDO has increased in the short term, the declining network growth and decrease in new ETH-staked deposits could be cause for concern in the long run. That said, at the time of writing, the price of LDO, which was $2.29, decreased by 5.53% in the last 24 hours according toSubscribe to get it daily in your inbox.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Arson Suspect Deemed Mentally Fit, Returned to Jail For The WeekendThe man accused of setting several recent fires in the downtown area of St. John's will remain in custody at l...
Read more »
TTC deploying 80 additional staff to focus on safety amid rash of violenceThe Toronto Transit Commission (TTC) is adding dozens of staff across the system daily in an effort to increase safety as it grapples with recent violent attacks that have left many riders shaken.
Read more »
TTC deploying 80 additional staff to focus on safety amid rash of violenceThe TTC is adding dozens of staff across the system daily in an effort to increase safety as it grapples with recent violent attacks that have left many riders shaken.
Read more »
TTC to deploy 80 ‘highly visible’ staff a day to enhance transit safetyThe agency’s announcement comes in response to a spike in violent incidents in the system in recent days.
Read more »
Police seize three kilograms of cocaine, arrest C.B.S. man following drug investigation | SaltWireST. JOHN'S, N.L. — Police seized three kilograms of cocaine and arrested a Conception Bay South man after a recent investigation into drugs entering the ...
Read more »
Tensions build at OPSEU as new leadership attempts to reform internal cultureThe reforms, which involve an extensive financial audit of the union’s books, have led to recent allegations of financial misappropriation against former union executives
Read more »