Analysts highlighted a token whose value increased by 104% per day

Editor’s note: not financial advice!

The Stader (SD) token has shown an impressive 104% growth after the announcement of its inclusion in the Coinbase asset roadmap. This led to an increase in its value from $ 0.42 to $ 0.85 in just four hours.

Stader is a non-custodial, multi-chain liquid staking platform that provides users with access to high-interest decentralized finance (DeFi) opportunities on various Proof-of-Stake (PoS) networks such as Ethereum, Polygon, BNB, and Hedera. The native SD token has a maximum supply of 120 million and offers numerous use cases.

Stader allows node operators to support the network with minimal capital requirements, which is significantly lower than for native Ethereum staking. This reduction in capital requirements is ensured by liquid stakers issuing the ETHx token, which represents the entire staking.

In December 2023, the ETHx token was recognized as a liquid staking token (LST) for re-staking on EigenLayer. Users can participate in the re-staking through EigenLayer or through the Early Queue on the Kelp DAO, which maximizes rewards for ETHx holders.

Stader has also integrated Chainlink CCIP to enable secure cross-chain transfers of ETHx, facilitating its adoption in DeFi. The total value of blocked assets (TVL) on Stader’s platform is $ 474.74 million, indicating significant potential for further growth and adoption in the crypto community.