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liquidstakingmomentum
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$LDO — Ethereum's staking backbone, trading at a fraction of what it secures
Lido DAO ($LDO ) is up +11.1% today to $0.363, with a $304M market cap sitting under $17.8B in protocol TVL — roughly 58x its own market cap. That gap is exactly why long-term holders call LDO undervalued: it's the largest liquid staking protocol on Ethereum, and stETH is everywhere across DeFi.
Fair context: today's move tracks a broader market bounce (BTC was up over 11% in the same window) more than any Lido-specific news, and the token is still about 95% below its 2021 all-time high. Real infrastructure, real usage — but a long memory of drawdown for anyone who bought the top.
#LDO #LiquidStakingMomentum #Ethereum2024 #BinanceSquareTalks
Lido DAO ($LDO ) is up +11.1% today to $0.363, with a $304M market cap sitting under $17.8B in protocol TVL — roughly 58x its own market cap. That gap is exactly why long-term holders call LDO undervalued: it's the largest liquid staking protocol on Ethereum, and stETH is everywhere across DeFi.
Fair context: today's move tracks a broader market bounce (BTC was up over 11% in the same window) more than any Lido-specific news, and the token is still about 95% below its 2021 all-time high. Real infrastructure, real usage — but a long memory of drawdown for anyone who bought the top.
#LDO #LiquidStakingMomentum #Ethereum2024 #BinanceSquareTalks
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