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Lido Finance released fresh details about the project's incoming upgrade focused on withdrawing Ethereum and decentralizing its validators.

Liquid staking protocol Lido said its staked Ethereum on the Beacon Chain reached 5.05 million ($8.32 billion).

The Aave community has favorably voted on a proposal to permit Lido DAO to distribute token rewards across liquidity pools on three networks.

Staking is still a relatively new phenomenon in the world of virtual currencies. And also many individuals are still not familiar with its advantages. While blockchains like Ethereum have their importance in the industry, the need for faster alternatives continues to exist.

The world's largest liquid staking platform, Lido, has hit a new milestone for the amount of staked Ethereum.

Lido DAO (LDO), the native utility and governance token of Lido decentralized autonomous organization (DAO), is surging at a rapid

Anticipation around this massive upgrade is sending LDO soaring again today.

The cryptocurrency market has been riding high in 2023, sustaining gains across the board. As we head into the week of February 6, 2023, it's crucial to stay abreast of the latest developments in the market.

Lido Finance [LDO] had a rollicking start to 2023 after it eclipsed MakerDAO [MKR] to become the biggest decentralized finance [DeFi] protocol, as per DappRadar. Moreover, the total value locked (TVL) of Lido's smart contracts went past $8 billion in January 2023, which amounted to gains of over 36%.

These five altcoins had the worst performance in the crypto market this week.

Lido's [LDO] Wrapped State ETH [wstETH] was at the top of charts at press time, as per the Ethereum [ETH] market on Aave [AAVE]. Lido‘s wstETH is a type of ERC-20 token that represents a stake in the Ethereum 2.0 deposit contract, allowing users to take part in the Ethereum 2.0 network and earn rewards for staking their tokens.

While the DAO has yet to formally see the proposal to allow withdrawals from stETH, Galaxy Digital has already been critical, and the Lido governance token has fallen about 15% from its high last week week.

Lido Finance [LDO], a prominent liquid staking protocol, experienced a drop in its Total Value Locked (TVL) in the past week as a result of a decrease in the values of the native coins within its operating networks, including Ethereum [ETH], Polygon [MATIC], Solana [SOL], Polkadot [DOT], and Kusama [KSM].

The amount of ETH staked on Ethereum's largest liquid-staking protocol, Lido Finance, has just reached $5 million, according to on-chain's analytics platform, IntoTheBlock. Following the Ethereum Merge, the popularity of liquid staking protocols such as Lido Finance has increased.

After holding Lido DAO (LDO) tokens for nearly six months without selling, investment company Jump Trading has engaged in a series of LDO token transfers to the Binance cryptocurrency exchange. The Jump Trading LDO transfers have coincided with price dips due to an increase in sell pressure.

On-chain analyst Lookonchain has tied Lido's (LDO) recent sharp decline to crypto company Jump Trading in a January 31 Twitter thread.

The price performance of LDO during this market recovery has not been truly explosive as the asset has gained almost 200% at the local high, showing one of the highest returns on the market. However, the situation is rapidly changing, and moves made by this group of traders show their involvement in Lido's most recent moves on the market.

U.S.-based trading firm Jump Trading, which was heavily involved in the Terra-LUNA crisis, started transferring Lido DAO (LDO) tokens to crypto exchange Binance, causing LDO prices to drop by over 20% since Thursday. A series of transfers have raised eyebrows about why Jump Trading started dumping Lido's native utility token LDO suddenly and how it The post This Crypto Token Fell 20% After Trading Firm Dumps Tokens To Binance appeared first on CoinGape.

Jump Trading, a leading player in the crypto trading world, recently transferred Lido (LDO) tokens to Binance, causing the token's price to drop by 10% and then 5% after each transfer. The transfers have sparked speculations among market analysts about the motives behind Jump Trading's actions and their potential impact on the crypto market.

Altcoins are rising above the moving average lines and climbing to new highs.

According to Delphi Digital's recent data, Lido's market share declined significantly over the last year. This can be attributed to the entry of Coinbase into the liquid staking derivatives market in June 2022.

Since the start of 2023, Lido Finance [LDO] has seen a value growth of over 150%. Additionally, the protocol's Total Value Locked (TVL) increased when the TVL for competing DeFi protocols stagnated.

The cryptocurrency market has seen a resurgence recently, with several digital assets rallying to gain by as much as triple figures. This has come despite a bear market that lasted much of the past year, and investors are finding renewed optimism in the crypto space, looking for opportunities to capitalize on the current rally.

Aegis' end-to-end custody now includes liquid staking services through Lido for its institutional users wary of regulation.