Lido dominates staked ETH market, but can it lift Ethereum’s price?

Quick Summary:

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

This surge was driven by a wave of new ETH staking deposits, with 95,616 net new ETH staked through Lido in the past seven days.

Lido [LDO] has managed to outperform Ethereum [ETH] in the last few days in terms of fees earned.

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Article Details

Author / Journalist: Himalay Patel

Category: Crypto

Markets: United States

Topics: Social Ethereum Altcoin News 1 Trading View News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-03 @ 17:00:47 (2 days ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 21472937

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 18 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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