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🚀 $LDO has several notable fundamental bullish signals.
Lido currently has ~$26.9B in TVL, up 12.9% over the past 30 days, while generating around $51.7M in fees over the same period.
Even more importantly, the circulating supply of LDO has decreased by 16.4M tokens (-1.8%) since the beginning of the year through Lido’s token accumulation program. NEST — Lido’s automated buyback mechanism — has also been launched, creating a direct link between Lido’s revenue and potential demand for LDO.
If TVL and revenue continue to grow while the circulating supply keeps shrinking, the supply-demand balance could increasingly favor #LDO . 📈
DON'T MISS $UNI $1000PEPE
🚀 $LDO has several notable fundamental bullish signals.
Lido currently has ~$26.9B in TVL, up 12.9% over the past 30 days, while generating around $51.7M in fees over the same period.
Even more importantly, the circulating supply of LDO has decreased by 16.4M tokens (-1.8%) since the beginning of the year through Lido’s token accumulation program. NEST — Lido’s automated buyback mechanism — has also been launched, creating a direct link between Lido’s revenue and potential demand for LDO.
If TVL and revenue continue to grow while the circulating supply keeps shrinking, the supply-demand balance could increasingly favor #LDO . 📈
DON'T MISS $UNI $1000PEPE
