$LDO

Lido DAO Token ($LDO) is the native cryptocurrency of the Lido Finance protocol, a leading "liquid staking" solution for assets like Ethereum. It allows users to stake their tokens and receive a "tokenized" version of their stake in return (like stETH for Ethereum). This enables them to maintain liquidity and the ability to use their staked assets in other DeFi applications while still earning rewards for staking.

Currently, the price of $LDO has shown some volatility. As of now, it is trading around $0.80 - $0.85 USD, with daily fluctuations. Its market capitalization is around 750 million USD, positioning it among the top 100 cryptocurrencies. The 24-hour trading volume is significant, indicating ongoing interest in the asset. Despite experiencing declines in the last month and year, $LDO remains an important pillar in the decentralized finance ecosystem, especially with the continued growth of Ethereum staking. Its value and use are intrinsically linked to the success and adoption of liquid staking solutions.