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Lido DAO Shows Resilience Despite Market Slowdown
During a period of broad market weakness, projects demonstrating tangible growth in usage, revenue, and development attracted renewed attention. This trend pushed certain cryptocurrencies into the daily gainer list, while most Layer‑1 tokens remained subdued.
On December 25th, Lido DAO (LDO) joined this group, outperforming peers despite cautious market sentiment. Analysts noted a shift toward economically productive protocols rather than purely speculative rotations. As the report observed, “Could this renewed focus on fundamentals explain LDO’s relative strength?”
Development Activity Surges
Data from Chain Broker highlighted LDO’s development growth, showing a 690% year-over-year increase. The report emphasized, “That placed LDO alongside projects showing sustained engineering commitment rather than short-lived contributor spikes.” This development momentum often signals potential investor confidence during periods of prolonged price consolidation. For LDO, strong development metrics appeared to stabilize sentiment following months of underperformance in the Layer‑1 sector.
On-Chain Revenue and Usage
LDO’s on-chain performance further supported its relative resilience. According to Chain Broker, LDO-related products ranked among the top for weekly fees and revenue, generating approximately $14.3 million in weekly fees. The report stated, “That revenue profile contrasted with much of the Layer-1 sector, which struggled after October’s market peak.”The data highlighted sustained demand for staking infrastructure, even as speculative activity declined elsewhere.
Price Dynamics and Market Conditions
At the time of reporting, LDO was one of the top daily gainers, rising 7.65%, following an attempted break above a descending trendline intensified after October 10th. Momentum indicators were mixed: RSI remained neutral, while the MACD suggested fading downside momentum rather than a clear bullish shift. As noted, “LDO’s recovery stood out against a backdrop of lingering risk-off conditions.”
Overall, LDO’s combination of development growth and consistent on-chain activity underscores its ongoing relevance in a challenging market, distinguishing it from many other Layer‑1 projects.
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