Lido DAO (LDO) Hits 1-Day Trading Volume of $126.89 Million

Lido DAO (LDO) traded 2% higher against the US dollar during the 1-day period ending at 12:00 PM ET on January 5th. Over the last seven days, Lido DAO has traded up 16.1% against the US dollar. Lido DAO has a market cap of $1.85 billion and approximately $126.89 million worth of Lido DAO was traded on exchanges in the last day. One Lido DAO token can now be bought for approximately $2.07 or 0.00002108 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded up 0.3% against the dollar and now trades at $97,789.59 or 0.99785786 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.1% higher against the dollar and now trades at $97,014.85 or 0.98995229 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Lido DAO Token Profile

Lido DAO’s launch date was December 17th, 2020. Lido DAO’s total supply is 1,000,000,000 tokens and its circulating supply is 896,046,961 tokens. The official message board for Lido DAO is blog.lido.fi. Lido DAO’s official Twitter account is @lidofinance and its Facebook page is accessible here. The official website for Lido DAO is lido.fi. The Reddit community for Lido DAO is https://reddit.com/r/lidofinance and the currency’s Github account can be viewed here.

According to CryptoCompare, “Lido DAO is an innovative decentralized autonomous organization that manages liquid staking on Ethereum 2.0. Its native asset, the LDO token, serves as the governance token, empowering holders to vote on key protocol parameters. The voting weight is proportional to the amount of LDO held, democratizing decision-making. Users stake ETH and receive stETH, a token that mirrors staked ETH while remaining liquid and earning staking rewards. Co-founded by Jordan Fish and Konstantin Lomashuk, Lido DAO balances centralization and decentralization, using an efficient mechanism, Easy Track, for routine governance. It reinvests service fees into research, development, liquidity mining incentives, and upgrades, fostering sustainable growth and flexibility.”

Buying and Selling Lido DAO

It is usually not possible to buy alternative cryptocurrencies such as Lido DAO directly using US dollars. Investors seeking to trade Lido DAO should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Lido DAO using one of the aforementioned exchanges.

LDO/USD price chart by TradingView