Liquid staking tokens surge 40% in seven days, Lido rises highest

Liquid staking derivatives tokens have increased by an average of over 40% in the last seven days, with Lido (LDO) rising the highest by over 64%, according to CryptoSlate’s data. Liquid staking platforms have enjoyed renewed interest following recent revelations that staked Ethereum could be unlocked as early as March when the network undergoes the … Read more

Assessing MakerDAO’s [MKR] health following its displacement by Lido

MakerDAO had a system surplus at press time, indicating that the total debt owed was not more than the value of the collateral in the system Its displacement by Lido might be temporary due to its slipping grip on the ETH staking market Leading decentralized finance protocol (DeFi) MakerDao [MKR] provided users with an overview … Read more

Lido now has the highest DeFi TVL as LDO increases 17%

Ethereum (ETH) staking protocol Lido (LDO) is now the dominant DeFi protocol based on the total value of assets locked (TVL) in its ecosystem, according to DeFillama data. Lido’s TVL overtook that of MakerDAO (MKR) in the last 24 hours after rising by 0.57% to $5.90 billion. According to the data aggregator, this places Lido’s … Read more

stETH sees growth in APR, yet fails to deliver on the price front because…

stETH clinched an all-time high in its APR since the Merge Recent market downturn caused by FTX’s collapse has made it hard for its price to see much positivity stETH, the tokenized form of staked Ether native to Lido Finance, saw a jump in its annual percentage rate (APR) to an all-time high of 10.7% … Read more

‘The stETH discount has all but vanished’- How true is this?

Staking rewards for Ether and Ether-backed liquid staking derivatives shot up in recent weeks. This could be attributed to increased network activity, specifically in ways that result in higher fees for network validators. Does it mean that ETH enthusiasts finally saw post-Merge ETH’s success? Here are some insights for the same. Here’s AMBCrypto’s Price Prediction … Read more

What these divergences mean for LDO’s waning buyers’ interest

With the Ethereum Merge just a few weeks away, happenings around the number one protocol facilitating the staking of ETH – Lido Finance – have become more interesting. Data from Santiment revealed that over the last few months, Lido’s native token, LDO, exhibited divergences in some of its on-chain metrics. In fact, according to Santiment, … Read more

What these metrics tell investors about Ethereum’s readiness for the Merge

With the Merge set for a launch in September, does Ethereum look ready for the next big step? For its part, ETH has registered an uptrend in price action over the month of July. However, the utility of Ethereum rests on many sectors of Web 3.0. While being the flagship altcoin, Ethereum heads other cryptocurrencies … Read more

ETH, Lido rally following update on Ethereum’s Merge as markets turn green

Flagship digital assets Bitcoin (BTC) and Ethereum (ETH) are in the green as their values rose to over $22,000 and $1,400 in the last 24 hours. According to data from Coinglass, over $300 million in short positions were liquidated because of the mini-rally of these assets. In the last 24 hours, Ethereum liquidated $210 million … Read more

4 reasons why Ethereum is surging as the price climbs over $3,000

The macroeconomic and geopolitical environment surrounding crypto and the whole global economy has had its impact on the price action of cryptocurrencies in general, with the war in Ukraine as the overarching geopolitical disaster moving energy and commodities prices to dangerously high levels. However, In the United States, the Federal Reserve’s FOMC (Federal Open Market … Read more