Crypto Markets Drop $30B Daily as LDO, ARB Dump 5% (Market Watch)
Dogecoin is also down on the day, but its weekly gains are still over 20%.
Keep up with what's happening in the crypto world in real-time.
Dogecoin is also down on the day, but its weekly gains are still over 20%.
Lido [LDO] registered an impressive daily and weekly performance. In the past 24 hours, it appreciated 15% and traded at $2.7 at the time of writing.
Lido V2 completed a key-rotation ceremony for its withdrawal credentials, allowing for partial and full withdrawals to be completed after the Shapella hard fork.
Lido, a leading multi-chain crypto staking solution, is witnessing an impressive surge in its total value locked (TVL), as its value recently skyrocketed to a 10-month high of $11.5 billion.
MakerDAO and Aave saw notable gains, while Curve and Uniswap declined in terms of TVL in March. This article will discover how these and other DeFi protocols behaved in March.
March started with a series of US bank collapses, which brought uncertainty to the financial markets, including cryptocurrencies. Some digital assets have been under high selling pressure, marking notable drops.
Crypto holders supporting the Polkadot [DOT] and Kusama [KSM] networks might be in for a rude shock following Lido Finance's [LDO] latest announcement. On 29 March, the liquid staking platform revealed that it would stop supporting Kusama and Polkadot operations from August 2023, citing low liquidity and slow growth as the main reasons behind the decision.
Decentralized finance staking service Lido (CRYPTO: LDO) announced it will end its staking program on the Polkadot (CRYPTO: DOT) and Kusama (CRYPTO: KSM) blockchains on Aug. 1, as stated by a recent blog post by the pseudonymous Lido developer MixBytes.
MixBytes (the entity that supports the development of Lido Finance) has stated that the Liquid Staking service on two platforms, Polkadot and Kusama, would be discontinued from August 1, 2023.
Liquid staking is the best-performing crypto sector in the last 24 hours after rallying by more than 15%, according to CryptoSlate data.
Liquid staking protocol Lido (LDO) said it would stop providing staking services for Polkadot (DOT) and Kusama (KSM) on August 1.
Lido DAO (LDO), the governance token used within the Lido decentralized autonomous organization (DAO) for voting purposes, has rallied nearly
Leading DeFi protocol Lido revealed that its NFT unstaking scheme would come full circle after the Ethereum Shanghai upgrade.
Decentralized finance staking service Lido has passed a governance vote to sunset its staking program with Polkadot and Kusama.
Lido Finance [LDO], in a 28 March tweet, reported a 2% decrease in its Total Value Locked (TVL) over the past week. Despite the high demand for Lido's stETH in the previous month, a reduction in the TVL could signal a gloomy outlook.
Lido, a staking liquidity protocol, has announced its NFT issuance plan, and each NFT represents a user's ETH withdrawal request.
Users will receive a transferable non-fungible token representing their request withdrawal for their staked ether.
The Total Value Locked of Aave [AAVE] gained as much as 8.69% in the week ended 25 March. The rise in unique smart contract deposits made the protocol the best-performing one as the overall TVL hit $5o.01 billion — a Year-To-Date (YTD) high.
Dollars locked in decentralized finance have surpassed $63 billion, with Lido Liquid Staking expanding its TVL beyond $10 billion.
Lido DAO's (LDO) price has experienced a 20% drop over the past week, with on-chain data indicating a decline in large transactions and long-term holders selling off their tokens. This shift in network activity suggests LDO may be in for further losses.
Very positive crypto news for the blockchain industry: the market capitalization of Lido's staked Ether has increased to $10.3 billion, with the cryptocurrency posting significant gains over the past week and Ethereum's price up 11.9%.
Ethereum (ETH) stakeholders are looking forward to the Shanghai Capella Upgrade that will take place on the Ethereum mainnet in April 2023.
In anticipation of the Shanghai Capella Upgrade on Ethereum mainnet in April 2023, liquid staking platform Lido Finance [LDO] has witnessed a significant increase in its total value locked (TVL) as Eher [ETH] stakers look forward to the unlocking of previously locked ETH tokens.
The latest update was on Lido's migration to decentralization and self-custody. There have been concerns in the past about Lido being centralized.