Jan 3, 2023
Markets
Lido Finance Up 8% After Overtaking MakerDAO’s TVL
Lido Finance’s LDO token is up by almost 8% in the past 24 hours, reaching a weekly high of $1.26 earlier today. LDO's price surge comes after the liquid staking protocol overtook DAI creator MakerDAO to become the largest DeFi protocol by total value locked (TVL) earlier this week. Over the past month, MakerDAO’s TVL has slipped by over 8% to $5.93 billion, according to data from DeFiLlama. In the same period, Lido Finance’s TVL retreated by around 2% and now stands at $5.99 billion, resulting...
Sep 22, 2022
Markets
DeFi Tokens Defy the Dip as Ethereum Slips Below $1,300
Defying a broader market downturn sparked by the Fed’s interest rate hike, leading decentralized finance (DeFi) tokens have posted gains over the past 24 hours. UNI, the token behind decentralized exchange (DEX) Uniswap, is up over 8% in the past 24 hours, leading the gains among the top 20 cryptocurrencies by market cap. At time of publication, UNI is changing hands at around $5.80, with a whopping 55% increase in trading volume to $130 million. With a market capitalization of slightly above $...
Sep 5, 2022
Markets
DeFi Project Lido Finance Rose 20% Last Week Ahead of Ethereum Merge
Holders of Lido Finance’s native token, LDO, have seen their holdings grow by over 20% in the past week. Since last Monday, LDO has risen from roughly $1.61 to $1.93 today, marking a total run-up of 20.5% over that period, according to CoinMarketCap. Trading volumes for the token have also skyrocketed over the past 24 hours, rising roughly 19%. The most popular trading pairs have been Binance’s stablecoin BUSD, Tether’s USDT, and Bitcoin. The majority of the trading action is happening on Bina...