Lido, Stader led up more than 30%, LSD track collective up

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23-01-09 13:36

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The market is experiencing a slight recovery, with ETH prices back above $1,300 and BTC above $17,000 today, and the total market cap of cryptocurrencies back above $880 billion. Track projects such as ETH LSD (Liquid Staking Derivatives) are staking better than LDO (Lido DAO).

Market pledge

According to ethereum.org, the ETH market has 15,880,878 pieces ($20.8 billion) pledged.

According to EtherScanBreakdown of Eth2 DepositsThe data shows that the liquidity pledge protocol Lido remains the largest project, with 4,648,480 ETH pledges currently, representing about 30% of the market. LDO is currently trading at $1.94, up nearly 30% in 24 hours. Rocket Pool ranks second in size, with 262.752 ETH pledges and 2.09% market share. While Stakewise, Cream, SharedStake and other stakewise protocols all contain less than 70,000 ETH pledges with market share below 1%.

In addition, Coinbase, a centralized trading platform, currently has 1,025,081 ETH pledges, with a market share of 16.7%. Binance currently has 1,025,472 ETH pledges with a market share of 8.16%.

SD (Stader) was up 67% on the day

Stader, a niche project excavated by the community last week, is considered to have great potential due to its impending online pledge of native Token SD, low selling pressure and small market value. SD stocks have also seen significant gains, rising as high as $0.784898 in the past 24 hours, up 67% from a low of $0.47, according to CoinGecko.

Is the Stader coming to ETHx Underrated on the LSD circuit?

Track items are all up

Market sentiment back, coupled with the leading project Lido lead, with the track project rose, 24 hours up more than 10%. SSV (SSV Network) is trading at $13.94, up nearly 12.5% in 24 hours. RPL (Rocket Pool) is currently trading at $25.80, up 13.3% in 24 hours. SWISE (StakeWise) currently trades at $0.166, up 21.0% over 24 hours.