Lido (LDO) Jumps 58% in Five Days as Active Addresses Hit Two-Year High

Readings from the LDO/USD one-day chart reveal that the token has maintained a strong upward trajectory over the past five trading sessions, each closing at a fresh daily high. Over this period, LDO’s price has climbed by 58%, reflecting the rally’s strength.

On-chain data further confirms this bullish outlook. According to Santiment, there has been a significant uptick in the count of daily active addresses involved in LDO transactions over the past week. This signals heightened network activity and growing investor participation. 

According to the data provider, active address count surged to a two-year high of 1,205 on August 10, marking the strongest daily demand for LDO in over 24 months.