LDO, RPL See Double-Digit Declines Despite Liquid Staking Growth
Tech LDO, RPL See Double-Digit Declines Despite Liquid Staking Growth 2 minuto ang nakalipas Balita ng Ethereum ng Bitcoin LDO and RPL prices have been unimpressive for the last 90 days. LDO may rise to $1.65, provided the 20 EMA maintains its position above the 50 EMA. RPLs volatility remained low, indicating the viability of major price fluctuations. If there is one sector of the crypto market that has experienced massive adoption despite the torrid market conditions, its the liquid staking sector. However, Liquid Staking Tokens (LSTs) like Lido Finance (LDO) and Rocket Pool (RPL) have not had the same performance. Sebastian Motelay, research analyst at Token Terminal, posted on X (formerly Twitter) about the matter. According to Motelay, Lido remains the dominant project out of all the liquid staking protocols, with an 84.4% market share. But on the market cap to asset staked ratio, Lidos performance was underwhelming. At the time of writing, the ratio was 0.11—a very low value compared to the median value in the sectors. Meanwhile, there were still some positives to consider in the Lido ecosystem. One of these was the increase in Lido stETH token holders. At press time, there were 271,350 holders of the token. This was fourteen times the number of RPL