Keep up with what's happening in the crypto world in real-time.
All Filters (1)
Two addresses associated with Justin Sun, the prominent blockchain entrepreneur and founder of TRON, have withdrawn a substantial amount of Ethereum (ETH) from the Lido platform.
Justin Sun, the co-founder of Tron, withdrew 30,000 ETH, worth roughly $56 million, via two addresses via Lido, a liquidity staking service provider, on July 10, Lookonchain reveals. Following his move, his Ethereum stake via Lido is down to 263,294 ETH, or $491.6 million at spot rates.
Lido manages to see massive growth in terms of activity and revenue; however, Justin Sun's recent withdrawals may impair Lido's growth.
In a recent update, Grayscale Investments, a leading digital asset manager, announced the inclusion of Lido DAO's native cryptocurrency and governance token, LDO, in its Defi Fund. This move has attracted significant attention and sparked discussions among cryptocurrency enthusiasts.
On July 7, 2023, the digital asset manager Grayscale Investments published an update on three of its funds — the Digital Large Cap Fund, the Defi Fund, and the Smart Contract Fund.
Lido has started falling behind in the liquid staking landscape. Are there new players who will take the protocol's place?
In a significant move, Grayscale Investments, the world's largest digital asset manager, has expanded its Decentralized Finance (DeFi) Fund with the inclusion of Lido (LDO). The addition bolsters the prominence of liquid staking services, spotlighting a potentially transformative trend in the broader crypto ecosystem.
New demand for Lido's stETH stagnated at 230 to 590 per day in the last year, while competitors' rETH and SFRXETH enjoy growth in new addresses.
The Grayscale DeFi Fund has added Lido DAO (LDO) token to its portfolio.
Grayscale Investments, the world's largest digital asset manager, has added Lido (LDO) to its DeFi Fund (DFX). The addition of LDO to the Grayscale DeFi Fund demonstrates growing interest in liquid staking services.
LDO's weight in the Grayscale DeFi Fund sits at 19.04%, second only to Uniswap's UNI at 45.46%.
Grayscale added lido to its DeFi fund for the first time since the product's inception in July 2021.
Lido's dominance in the Ethereum staking space continues to grow as addresses holding stETH ranges between 230 and 590 per day.
Market research firm Kaiko has published a study on the flagship protocol of Ethereum, Lido Finance (LDO). The study is a must-read for every ETH and LDO investor!
Revolut, a prominent British Fintech company serving around 30 million customers, recently announced a reduction in its fees for crypto trading.
Lido (LDO) has achieved “overwhelming dominance” in the Ethereum (ETH) liquid staking sector, according to the crypto analytics firm Glassnode. In a new analysis, Glassnode notes that Lido clocks the highest supply, liquidity, and integration network effects of any liquid staking provider.
After an extremely turbulent 2022, the crypto markets have made a remarkable recovery in 2023.
Despite the pullback, Lido remained above $2, highlighting the strength of the current bullish rally.
Lido (LDO), a prominent player in the decentralized finance (DeFi) space, has emerged as a frontrunner in the rapidly expanding Liquidity Staking Derivatives (LSD) sector. Amidst the turbulence caused by the highly controversial lawsuit filed by the US Securities and Exchange Commission (SEC) in June, the decentralized finance (DeFi) sector has found itself in a state of uncertainty and caution.
Lido Finance, a leading player in the Liquid Staking Derivatives sector, has demonstrated its commitment to staking by staking its entire ETH treasury holdings. This move comes as interest in staking ETH has grown following the Shanghai Upgrade.
The LSD sector continues to grow despite the volatility in the DeFi space. Lido takes the center stage with its impressive performance.
A Lido team member claimed Rocket Pool is not really governed by its DAO, but Rocket Pool community members pushed back, claiming the protocol is becoming more decentralized.
Lido staked all its ETH reserves in its treasury making it the 13th largest holder of stETH.
After replacing MakerDAO as the leading DeFi protocol in January, Lido's TVL has since grown tremendously.
