Lido Finance expands to Optimism, strengthening its position as the leading DeFi platform with over $25 billion in TVL, while its token LDO struggles despite ecosystem growth.

Lido Finance, the largest DeFi platform by assets under management, is expanding. The liquidity staking platform said it now supports the deployment of its stETH value-accruing token on Optimism, a layer-2 solution for Ethereum.

The Lido (LDO) short-term position continues to be compromised in the face of a market-wide correction phase, dragging the altcoin market to the mud. As of writing, the token has lost over 20% in value, representing a massive flip in investor sentiment.

Recent reports from blockchain analytics firm Lookonchain revealed that the whale liquidated 150,428 INJ tokens, valued at approximately $3.29 million. The transaction involved swapping these tokens for an impressive 2.44 million LDO tokens, worth around $3.05 million at the time of the exchange.

Lido Finance recently reported a remarkable increase in its total value locked (TVL), which rose by 10.83% over the past week, reaching $25.18 billion as of September 23, 2024. This growth is primarily attributed to a significant surge in Ethereum's price, which has enhanced the value of assets staked through the platform.

Lido Finance reported that its total value locked (TVL) increased by 10.83% over the past week, reaching $25.18 billion as of Sept. 23. This growth is primarily attributed to a rise in Ethereum's token price, which boosted the value of assets staked through the platform.

Lido's performance has been disappointing over the past year. The token has seen a substantial drop of 35% year-to-date and continues to face challenges, with a recent 24-hour decline of 3.3%.

Based on Q3 returns, investors holding the other top DeFi blue chips were in losses, but not AAVE.

Lido has been on a bearish trend. However, an analyst's latest optimistic prediction of a potential multi-month rally offers hope.

Story Highlights The live price of Lido Dao is With a surge, Lido Dao could go as high as $5.782 by the end of 2024. LDO price with a potential surge could reach a maximum of $22.112 by 2030.

Major Crypto exchange Coinbase has revealed additional listings this week. Specifically in the past day, Coinbase announced the addition of zkSync (ZK) to its listing road map.

In this bearish market sentiment, Nansen's CEO, Alex Svanevik has made a significant move that could trigger a sharp price drop in Lido DAO (LDO). On September 6, 2024, the on-chain analytic firm Lookonchain made a post on X (previously Twitter) that the CEO had dumped 3 million LDO tokens worth $2.89 million to Coinbase.

An early investor in LidoDAO, Alex Svanevik, divested the last LDO tokens from his wallet. Other whales are transacting the token, while ETH staking is facing challenges due to lower L1 fees.

The leading crypto firm Wintermute has rolled out Lido Staked Ethereum (stETH) as collateral for OTC trading. This move marks a major milestone for the crypto market, with discussions soaring as the crypto can now be used outside of decentralized finance (DeFi).

The market's hostile environment is currently hindering altcoins gaining in the short term. With the broader market down by 2%, LDO losses mounted up to 18% since last week, continuing to end this week with pain for investors in the short term.

Lido DAO (LDO) has been under the spotlight recently, not just for its role in the Ethereum staking ecosystem but also due to the significant market activities involving Wintermute, a leading market maker. The LDO token, currently priced at $1.

August has seen a market downturn, leading to price dips for many assets. Whales, aiming to capitalize on the current conditions, have started accumulating certain altcoins in anticipation of potential gains in the coming month.

Metalex and Lido Finance have rolled out a bold proposal to launch the first major cybernetic organization (BORG), setting their sights on boosting trustlessness in the crypto world. This move marks a fresh chapter in merging legal structures with autonomous technologies, further enhancing the power of decentralized autonomous organizations.

According to the latest on-chain data, a crypto company has redeemed and transferred a significant amount of Ether tokens from the staking platform Lido to the cryptocurrency exchange Binance. Could this hold a bearish consequence for the Ethereum price?

Lido DAO adopts NTT standard to facilitate wstETH transfers to BNB Chain via Wormhole and Axelar, enhancing cross-chain interoperability.

Lido consolidates its position as a leader in Ethereum staking

Lido Finance is the market leader in Ethereum staking, claiming 28.2% of net ETH deposits.

Lido Finance is the market leader in Ethereum staking, claiming 28.2% of net ETH deposits.

Here is how some of your favorite assets concluded the week.

Lido is introducing Lido Institutional, a B2B-focused white glove service targeted at large customers like crypto funds and asset managers with ETH.

Lido Finance has launched its liquid staking application for institutional clients who want to stake large amounts of ETH.

Lido Finance, a leading Ethereum liquid staking service provider, has launched Lido Institutional, a high-grade liquidity staking solution designed for large-scale clients like custodians, asset managers, and exchanges.

Lido Finance's new institutional-grade staking solution could significantly enhance institutional participation in the crypto ecosystem, despite regulatory scrutiny. The post Lido Finance launches institutional-grade liquidity staking appeared first on Crypto Briefing.

Lido DAO price, a decentralized autonomous organization, announced on August 2nd the launch of Lido Institutional. This new offering is a specialized liquid staking solution that caters to custodians, asset managers, and exchanges' unique needs, among other institutional stakeholders.

The biggest ETH liquid staking protocol has enhanced its offering for large investors, many of whom are already its customers.

Decentralized finance protocol Lido has unveiled a new staking product aimed at institutional investors. On Aug.

Aave continued its rally after announcing a custom Lido V3 vault, offering loans against a collateral of wstETH.

TL;DR Aave V3 ETH Lido Pool: The Aave Decentralized Autonomous Organization (DAO) has introduced the Aave V3 ETH Lido Pool, a custom liquidity pool specifically designed for Lido Finance's stETH and wstETH tokens.

The new Aave V3 ETH Lido Pool is designed to improve ETH borrowing and lending dynamics by isolating the Lido tokens.

Lido DAO (LDO) stands out as a pivotal player in the decentralized finance (DeFi) space. As we move through 2024 and look ahead to the coming years, many investors and analysts are eager to understand the future price trajectory of LDO.

The decentralized liquid staking platform Jito (JTO) has recently marked a monumental stride by securing the first spot among leading fee-generating protocols across all blockchains. Notably, the Solana-backed platform overtook Lido (LDO) in 24-hour fee generation volume, garnering noteworthy attention among market participants.

The much-awaited launch of the spot Ethereum ETF is just a few moments away from now. While the broader market condition is pretty shaky due to the Mt. Gox fear, Ethereum & ETH-based tokens have been displaying significant strength.

Lido DAO price has seen a significant surge over the past 24 hours, indicating bullish sentiment among investors. However, the market has experienced some volatility over the past few hours, with price fluctuations observed as the trading day progressed.

LidoDAO (LDO) completed its biggest token unlocks in 2021, putting pressure on the price for years.

The consolidation trend in the cryptocurrency market continues as the leading digital asset Bitcoin struggles to sustain above $58000. Amid the uncertainty, the Ethereum price and altcoins under its ecosystem show a slight uptick due to market speculation of spot ETH ETFs getting approved around mid-July.

Lido Finance has implemented the "simple DVT module" powered by SSV, a distributed validators solution.

Is Lido DAO (LDO) heading for a crash? Find out in our latest analysis as we explore whether the LDO price could hit zero this July.

Crypto vibrations in Brussels: a report from EThCC.

In the aftermath of a class-action lawsuit filed against Lido DAO in the United States District Court for the Northern District of California, the Ethereum staking service has recently started voting to appoint an entity to respond to the pending class-action litigation. The lawsuit, filed on April 3 this year, alleges Lido DAO to have

With the ongoing market turmoil, the cryptocurrency market has recorded a correction of 4.39% in valuation within the past day. Top tokens have plunged below their crucial/important support levels, indicating a rising bearish sentiment in the crypto space.

Five cryptocurrency whales have sold nearly $8 million in Lido (LDO) tokens following a Securities and Exchange Commission (SEC) enforcement. These crypto whales have sent 4.44 million LDO to a Binance address at over $2.6 million losses.

Lido generated more fees than Ethereum fees in the recent period.