Ethereum

Flow

Coin

<ul class="news-points"> 
 <li>Lido’s AuM increased by 37.31% in the last seven days, indicating a possible rise to $100 billion.</li> 
 <li>LDO has been moving in ETH’s direction due to their similar fundamentals.</li> 
 <li>The LDO price may hit $2.35 if the renewed buying pressure remains present.</li> 
</ul> 
As one of the largest liquid staking projects in the crypto industry, <a href="https://coinedition.com/4m-ldo-withdrawal-by-falconx-sparks-excitement-is-a-bull-run-coming/">Lido Finance (LDO)</a> has held on to its place at the top of the chain in the sector. One of the reasons for this is the way it offers its users a staked ETH token called Lido stETH to begin their staking journey. 
With Lido stETH, users can stake any amount of ETH instead of the bogus 32 ETH required on the Ethereum Mainnet. Due to this, Lido’s growth in the staking sector has been enormous. But activity and adoption are not the only metrics Lido has gained from. 
<h2 class="wp-block-heading" id="h-staking-flow-grows">Staking Flow Grows</h2> 
According to Staking Reward data, the Assets under Management (AuM) on the Lido network has grown by 37.31% in the last seven days. At press time, the AuM was valued at $18.64 billion. As a result, there has been <a href="https://twitter.com/tokenterminal/status/1723413026294890706" target="_blank" rel="nofollow">speculation</a> in some corners that the AuM has the potential to hit $100 billion soon. 
The AuM tracks the performance of funds allocated to a projec…
The post <a href="https://coinedition.com/lido-finance-ldo-targets-2-35-on-account-of-surging-aum/">Lido Finance (LDO) Targets $2.35 on Account of Surging AuM</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Lido Finance (LDO) Targets $2.35 on Account of Surging AuM

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