🚀 Cosmos-based Stride has had great success lately! According to the Nansen report, the protocol currently holds more than 80% of the market within the Cosmos ecosystem. 📈
🤑 STRD has increased by 330% since the beginning of the year, outperforming the price performance of both Ethereum (ETH) and Lido (LDO). LDO is a competitor to Stride and a leader in the Liquid Staking Derivatives (LSD) space.
📊 Nansen's analysis suggests that STRD may be undervalued given real return revenues, new value capture mechanisms through transaction fees and MEV, and near-term catalysts that have increased Stride's addressable market to billions of dollars.
🔥 This rise of STRD can be attributed to the launch of the Liquid Staking Module, which allows ATOM holders to instantly liquidate their ATOM without any connection time. Since launch, the number of ATOM tokens liquidated through the protocol has increased by nearly 30% in just over two weeks.
💬 Do you think Stride can continue its success? We are waiting your comments! 😄
🤑 STRD has increased by 330% since the beginning of the year, outperforming the price performance of both Ethereum (ETH) and Lido (LDO). LDO is a competitor to Stride and a leader in the Liquid Staking Derivatives (LSD) space.
📊 Nansen's analysis suggests that STRD may be undervalued given real return revenues, new value capture mechanisms through transaction fees and MEV, and near-term catalysts that have increased Stride's addressable market to billions of dollars.
🔥 This rise of STRD can be attributed to the launch of the Liquid Staking Module, which allows ATOM holders to instantly liquidate their ATOM without any connection time. Since launch, the number of ATOM tokens liquidated through the protocol has increased by nearly 30% in just over two weeks.
💬 Do you think Stride can continue its success? We are waiting your comments! 😄