Cryptocurrency Lido DAO grew by a record 690% in a year

Despite the general decline in market activity, the Lido DAO (LDO) token showed significant growth, becoming one of the leaders among the daytime gainers on December 25. Amid the weakness of most first-tier projects, Lido attracted investors' attention due to the growth of basic indicators — developer activity, profitability, and the use of staking infrastructure.

According to Chain Broker, the project’s development grew by 690% year-on-year, reflecting the stable work of the team and the strengthening of engineering potential. Such dynamics have become an important factor in maintaining investor confidence, especially after several months of downturns in the Layer-1 sector. Experts note that such growth is usually preceded by a renewed interest in the token after a period of consolidation.

In addition to the growth in developer activity, Lido demonstrates strong financial performance. According to Chain Broker, the platform is one of the leading platforms in terms of commissions — about $ 14.3 million per week. This indicates a steady demand for Lido’s services even despite the overall market cooling. For comparison, most similar projects in the Layer-1 sector have experienced a significant decline in revenue after the October drop.

As of the time of publication, LDO’s price was up 7.65%, trying to break above the downtrend line formed after the October 10 collapse. Technical indicators show a mixed picture: The RSI remains near the neutral level, while the MACD indicates a weakening of the downward momentum, but does not confirm a complete trend reversal.

CoinGlass analysts warn that clusters of liquidations have formed near $ 0.51, which could provoke short-term pressure on the price if the momentum weakens. At the same time, the current dynamics of LDO demonstrates a shift in investor attention to projects with real economic performance rather than purely speculative assets.