Lido DAO Self Reported Market Cap Hits $988.83 Million (LDO)

Lido DAO (LDO) traded 10.2% higher against the U.S. dollar during the one day period ending at 14:00 PM E.T. on October 29th. One Lido DAO token can currently be purchased for about $1.10 or 0.00001517 BTC on major cryptocurrency exchanges. Lido DAO has a total market capitalization of $988.83 million and approximately $65.10 million worth of Lido DAO was traded on exchanges in the last day. In the last seven days, Lido DAO has traded 3.2% lower against the U.S. dollar.

Here is how similar cryptocurrencies have performed in 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 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded up 4.7% against the dollar and now trades at $72,166.29 or 0.99169281 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 4.1% against the dollar and now trades at $71,601.84 or 0.98393624 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Lido DAO

Lido DAO launched on December 17th, 2020. Lido DAO’s total supply is 1,000,000,000 tokens and its circulating supply is 895,723,570 tokens. The official website for Lido DAO is lido.fi. Lido DAO’s official Twitter account is @lidofinance and its Facebook page is accessible here. Lido DAO’s official message board 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.

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 currently possible to buy alternative cryptocurrencies such as Lido DAO directly using U.S. dollars. Investors seeking to acquire Lido DAO should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Lido DAO using one of the exchanges listed above.

LDO/USD price chart by TradingView