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Lido DAO completes governance voting, LDO price rises about 50% over the past 30 days

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Crypto news, Lido DAO (LDO) saw its price rise by about 50% over the past 30 days, rebounding from $0.24 to $0.40, becoming one of the most abrupt recoveries tracked recently. Although LDO is still about 40% lower than its January high of $0.66, the speed and consistency of its rebound stand out even more within the broader DeFi space. LDO is currently above its 7-day and 30-day moving averages, signaling a bullish trend, with a gain of 11.7% over the past week. Lido DAO completed an on-chain governance vote, approving upgrades to its planned module V2 and community staking module V3. With new institutional trading support going live on Interactive Brokers, platform accessibility has been expanded. Industry momentum in Ethereum liquid staking has provided a strong tailwind for spot demand. Interactive Brokers added LDO, expanding institutional and retail access to the token. Lido’s Stvaults planned product launch further strengthens its position as a liquid staking protocol. The question now is whether this growth pace is sustainable or whether it will face consolidation.
LDO-3.45%
ETH0.57%
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