Lido DAO (LDO) Reaches Self Reported Market Cap of $872.16 Million

Lido DAO (LDO) traded up 3.4% against the dollar during the 1 day period ending at 19:00 PM Eastern on November 5th. Lido DAO has a market cap of $872.16 million and $53.24 million worth of Lido DAO was traded on exchanges in the last 24 hours. One Lido DAO token can now be purchased for about $0.97 or 0.00001399 BTC on exchanges. Over the last seven days, Lido DAO has traded 10.5% lower against the dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 down 2.2% 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded up 2.4% against the dollar and now trades at $69,349.72 or 0.99672887 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 2.3% against the dollar and now trades at $69,244.44 or 0.99521583 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Lido DAO Token Profile

Lido DAO’s genesis date was December 17th, 2020. Lido DAO’s total supply is 1,000,000,000 tokens and its circulating supply is 895,723,570 tokens. Lido DAO’s official Twitter account is @lidofinance and its Facebook page is accessible here. The official message board for Lido DAO is blog.lido.fi. The Reddit community for Lido DAO is https://reddit.com/r/lidofinance and the currency’s Github account can be viewed here. Lido DAO’s official website is lido.fi.

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.”

Lido DAO Token Trading

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

LDO/USD price chart by TradingView