LDO token rises by 38,5% in 3 days

The price of the asset jumped from $0,946 to $1,311

03.01.2023 - 09:15

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What’s new? The native token of Lido Finance (LDO), a platform for staking, has risen by 38,5% since the beginning of 2023, from $0,946 to $1,311. This came after the platform overtook decentralized autonomous organization (DAO) Maker in total value locked (TVL), according to DefiLlama. As of January 3, 09:20 UTC, LDO is trading at $1,226, according to Binance.

DefiLlama’s data

What is known about Lido Finance? It is a liquid staking protocol that does not require running nodes, locking assets, and participating in infrastructure maintenance. Ethereum, Solana, Kusama, and Polygon networks are available for staking with Lido. According to a report by analyst firm Nansen, 64% of Ethereum (ETH) staking is controlled by 5 organizations: Lido Finance (31%), Coinbase (15%), Kraken (8,5%), Binance (6,75%), and Staked.us (3,92%). TVL Lido is worth $5,97 billion

What is known about MakerDAO? It is a protocol based on the Ethereum blockchain. Maker, a decentralized trading platform, provides a service for lending and borrowing cryptocurrencies. As of January 3, 09:20 UTC, its stablecoin DAI ranks 11th in the cryptocurrency rating with a market capitalization of $5,75 billion. The native token MKR ranks 65th with a figure of $500,61 million and is trading at $512,10, down by 0,89% in 24 hours. TVL Maker is $5,93 billion.

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