Latest News

Lido's Staked Ethereum market cap reached an all-time high of over $12 billion due to the rising interest in the liquid staking protocol.

The Lido community has begun voting on the proposal to establish a treasury management committee.

The Lido DAO community will vote on accepting the Abitrum airdrop and use the requested ARB token as an emission reward to incentivize the use of staking ether (wstETH) throughout the Arbitrum ecosystem.

A new proposal would see Lido accept its $1.2 million in ARB tokens and reward them to liquidity providers in wrapped staked ether pools.

The liquid staking protocol, Lido Finance, has seen its total value locked (TVL) surpass more than $12 billion worth of ETH.

Today's cryptocurrency market showcases a mix of projects experiencing notable gains and others facing significant losses. Casper, Injective, NEO, ICP, and Oasis Network have emerged as the top gainers of the day, while LEO, Flare, LDO, RNDR, and Mask Network are the top losers.

Lido receives a massive sum of ARB from Arbitrum. Withdrawal credential rotation gets completed on the protocol as activity rise.

Lido Finance, a liquidity staking protocol supporting the various protocols, including Ethereum and Solana, remains as the most dominant decentralized finance (DeFi) application as of April 14.

The Lido DAO (LDO) price could accelerate its upward movement by a daily close above $3.

Lido DAO (LDO) is among today's top gainers despite the recent Dragonfly Capital transfer of 461,000 LDO worth about $1.05 million to Binance in a move many believe is a preparation for a selloff. According to a tweet made by Lookonchain, Dragonfly Capital currently holds 8.62 million LDO worth $20 million.

Lido's price was inversely affected by the recent sell-off as it went up in the last 24 hours. The possibility of a continued surge seemed likely as it was backed by positive market indicators and metrics.

Shapella's stable rollout likely drove positive sentiment to Ethereum staking-based protocols.

Now that Bitcoin [BTC] capturing the $30,000 threshold has garnered most of the attention from the market, its time to consider the altcoins. Altcoins, such as ApeCoin [APE], Aave [AAVE], and Lido [LDO] have also been experiencing major activity.

On-chain data reveals the direction that large institutional investors are turning their attention to make the most of the crypto rally. 

As the Ethereum Shanghai/Shapella upgrade nears, data from Nansen shows 18,158,199 ETH staked, with 141,463 ETH waiting for a full exit. Lido dominates the LSD market with a 78% market share.

A trader made a significant profit by clearing out a large number of LSD tokens, swapping 1.5M $LDO at $2.33 for $1M profit, and 65K $RPL at $44.49 for $661K profit.

Lido Finance has been enjoying immense success thanks to its liquid staking mechanism. As a result, other staking platforms such as RocketPool are starting to notice and emulate Lido's staking model.

Blockchain Capital successfully executed a trade that resulted in a profit of $2.23 million.

Liquid staking tokens drifted upwards on Tuesday as investors waited for the upcoming Shapella upgrade of the Ethereum network. Lido DAO's LDO jumped by 6.5% to $2.47 while Rocket Pool's RPL soared to $47.55.  Shanghai upgrade ahead The biggest Ethereum news of this week will be the upcoming Shanghai upgrade scheduled for Wednesday.

The recent cryptocurrency market rally, partly fueled by the chaos in the United States banking sector, has hit a roadblock, with major assets such as Bitcoin (BTC) facing new resistance levels. At the same time, new developments expected to trigger an upward momentum seem to have also dried up.

Litecoin (LTC)  Litecoin's price is currently squeezing past the crucial hurdle as it is trading within a bullish pennant formation. The latest ascent of 35% in March has formed a flagpole that is largely considered bullish.

While top cryptocurrencies are trading in the red zone, with most giving up their past week's gains, Lido DAO (LDO) has held on to its gains. The token maintains an over 7% price increase on the weekly chart, reflecting its resilience against the ongoing bearish trend.

Lido needs to prepare the launch of its V2 testnet and finalize for the completion of several ongoing security audits of its V2 upgrade, before enabling withdrawals.

Ethereum liquid staking solution Lido Finance's [LDO] upcoming V2 upgrade will be a significant milestone in its preparedness for the much-awaited Shanghai Hard Fork, also called Shapella. As Shapella is less than a week away, the Lido ecosystem shared an important update with regard to Ethereum [ETH] withdrawals, one of the main features of V2.