Lido DAO (LDO) New Analytics May Offset 18% Weekly Loss

The market’s hostile environment is currently hindering altcoins gaining in the short term. With the broader market down by 2%, LDO losses mounted up to 18% since last week, continuing to end this week with pain for investors in the short term. This led to shaky investor confidence as fear, uncertainty, and doubt plagued the […]

Sep 1, 2024 - 02:00

Lido DAO (LDO) New Analytics May Offset 18% Weekly Loss

The market’s hostile environment is currently hindering altcoins gaining in the short term. With the broader market down by 2%, LDO losses mounted up to 18% since last week, continuing to end this week with pain for investors in the short term. This led to shaky investor confidence as fear, uncertainty, and doubt plagued the market.

LDO’s underperformance overshadows the platform’s growth over the month. Lido DAO released analytics that shows several aspects that saw increases across the board.

Lido DAO Experiences Growth In The 2nd Half Of August

According to Lido’s most recent thread, the platform saw a significant increase in almost every aspect of the network. Total value locked (TVL) saw the most remarkable increase by 4% between August 19th and 26th. LDO staked on the Polygon chain also grew by 25% in the same timeframe.

Lido Analytics: August 19 – 26, 2024
TLDR: – TVL up 4.72% to $26.98b. – 28,160 ETH net unstaked. – 7d stETH APR at 2.80%. – wstETH on L2 up +0.63% to 186,676 wstETH. – (w)stETH 7d trading volume up 18.76%.

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