LDO (Lido DAO) rose 7.72% in the last 24 hours.

Gate News Bot News, September 18, according to CoinMarketCap data, as of the time of writing, LDO (Lido DAO) is currently priced at $1.30, having risen 7.72% within the last 24 hours, peaking at $1.33 and falling to a low of $1.15, with a 24-hour volume of $134 million. The current market capitalization is approximately $1.162 billion, an increase of $83.2 million compared to yesterday.

Lido is a liquid staking solution that provides services for blockchain networks such as Ethereum and Solana. Users can stake ETH to receive stETH, enjoying staking rewards while maintaining asset liquidity. Lido is managed by the decentralized autonomous organization (DAO), aiming to promote greater user participation in the consensus process of PoS networks by simplifying the staking process and lowering the barriers to entry.

Important recent news about LDO:

1️⃣ Re-evaluation of Staked Token Value The market's awareness of the value of staking tokens is increasing. LDO, as a leading liquid staking solution, has seen its token price rise by over 10% recently. This reflects the growing importance that investors place on staking yields and liquidity.

2️⃣ Ethereum Ecosystem Development LDO is closely related to the Ethereum ecosystem. As the Ethereum network continues to develop and upgrade, Lido, as a major ETH staking service provider, is becoming increasingly important. This brings more attention and demand for the LDO token.

3️⃣ Market sentiment warms up The overall sentiment in the cryptocurrency market has improved, and investors' preference for high-risk assets has increased. As an important project in the DeFi space, LDO has benefited from this trend, attracting more attention from investors.

From a technical perspective, the LDO price has broken through recent resistance levels, but attention must still be paid to whether it can maintain above the current level. On the fundamental side, Lido's dominant position in the ETH staking market remains solid, which provides long-term support for LDO.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.