Metamask just announced a feature that will allow users to stake on Lido through its wallet. Lido remains the largest staking pool on Ethereum. Regarding the Ethereum Proof-of-Stake network, Lido has been a prominent “stake-holder” for stakers. Several sources indicate that the highest concentration of Ethereum staking pools is in Lido. Lido might be gaining […]
With the release of Metamask Staking, users can stake Ethereum via Lido, monitor their stETH token balances, and convert their stETH back into ETH via MetaMask Swaps.Data from Dune Analytics showed that Lido was in the lead regarding the ownership of staking pools on Ethereum. Lido held a 29.06% market share for staking as of this writing.
Lido’s market share may be about to increase significantly due to the most recent move from Metamask. Additionally, there have been more validators overall on the Ethereum network. Since the switch to the PoS network, the number has reached an all-time high of over 500,000, according toLDO sees a positive reaction
The asset ended the day in the green area, according to the Lido daily timeframe chart that was examined. Additionally, it had risen by around 5% as of the time of writing, bringing the gains over the previous 48 hours to almost 8%. In addition to trading above the short and long Moving Averages , LDO was trading at roughly $2.
All signs suggested that LDO is now in a bullish trend. A strong bullish trend was evident as the Relative Strength Index line was seen above 80. The RSI also indicated that there was a chance a price correction would occur soon. The Directional Movement Index, whose plus DI and signal lines were over 20, supported the interpretation of the RSI.The volume metric for LDO also indicated that LDO had gained momentum recently.
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