Crypto market: prices and news for the coins Daex (DAX), The Graph (GRT) and Lido (LDO)

It is worth mentioning that Daex (DAX) is a decentralized exchange that allows users to trade cryptocurrencies and tokens. The platform, in particular, offers a wide range of features, including margin trading and customer support.

Timeline of The-graph, Lido-dao

The largest Ethereum staking protocol Lido enabled staked Ethereum withdrawals as the Lido V2 upgrade officially went live on the Ethereum mainnet late Monday. Lido V2 upgrade primarily improves the Ethereum staking experience while increasing decentralization and unstake stETH to withdraw Ethereum (ETH) at a 1:1 ratio.

May 15th marks a new dawn for the Ethereum liquid staking protocol, Lido Finance, as it seeks to launch the highly anticipated V2 update on its platform. According to Lido contributors, the V2 update is its biggest platform update yet and a step in the right direction toward further decentralization in the blockchain industry.

Having survived a week dominated by the bears, the price of Lido DAO (LDO) is on the rise today, tallying a 16% increase in the past 24 hours. This price recovery has left many wondering if the bearish trend is over and whether the bulls might be onto something here.

DeFi staking protocol Lido DAO (LDO) has just experienced its largest network transaction in two years, according to a report by Santiment. The popular on-chain analytics firm states that on May 5, $135 million worth of LDO tokens were transferred from one self-custody wallet to another.

Since April 18, 2023, the total value locked (TVL) in decentralized finance (defi) has been fluctuating just below the $50 billion threshold. As of today, the TVL amounts to $49.31 billion, registering a 1% increase within the last 24 hours.

Lido had a higher ETH value staked in May last year because of the higher price tag at the time. Nevertheless, the current uptick represents a recovery in the amount of staked ETH,

Bitcoin's market dominance has been slowly decreasing, paving the way for the growth of alternative cryptocurrencies. This trend is further supported by the emergence of new meme coins like $PEPE, which are attracting more and more investors.

Lido DAO (LDO) is among today's top gainers despite the recent Dragonfly Capital transfer of 461,000 LDO worth about $1.05 million to Binance in a move many believe is a preparation for a selloff. According to a tweet made by Lookonchain, Dragonfly Capital currently holds 8.62 million LDO worth $20 million.

Lido's price was inversely affected by the recent sell-off as it went up in the last 24 hours. The possibility of a continued surge seemed likely as it was backed by positive market indicators and metrics.

Lido Finance has been enjoying immense success thanks to its liquid staking mechanism. As a result, other staking platforms such as RocketPool are starting to notice and emulate Lido's staking model.