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Lido Shipping Major Updates: Why Is LDO Crypto Still Stuck Below $1?

  • Lido Finance has been shipping major updates including the release of v3 in testnet-2, enhancing decentralization and staking on Ethereum.
  • LDO crypto is currently trading below $1, down over 90% from its all-time high of $7.30 reached during the DeFi-fueled bull run.
  • The recent performance of LDO shows a struggle to surpass key levels, with the price fluctuating between $0.68 and $0.72.
  • The pace of LDO's recovery depends on Ethereum's performance, as Lido Finance is a crucial part of the Ethereum staking infrastructure.

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