Lido DAO Token (LDO) passed the best Blockchains at its development event. Lido has received more development activity from the Polkadot and Avalanche networks. Cardano Blockchain continued to lead with more than 530 development activities last week. Aptos, the prominent project of recent times, also managed to enter the list. Meanwhile, Lido DAO’s trading volume has increased by over 140% in the last 24 hours.
Highlights of the developer event! There is also Aptos
cryptocoin.comAs you can follow, the projects continued their development without slowing down despite the winter market. In this process, some projects such as Lido DAO came to the fore more. Lido DAO token has become the most active crypto network in terms of daily GitHub development activity, surpassing popular blockchains like Polkadot (DOT) and its pre-production network Kusama (KSM).
According to the top ten list made by a monitoring account on Twitter today, the Lido DAO token network has seen more development activity in the past 24 hours than the Polkadot and Avalanche (AVAX) networks. Other less popular networks such as Cosmos (ATOM), Internet Computer (ICP), Filecoin (FIL) and Aptos (APT) also appeared in the rankings.
Cardano Blockchain has taken the lead in the hierarchy of most crypto projects with more than 530 development activities in the past week. Specifically, development activity is a metric that measures continuous actions in a project’s public GitHub repositories, excluding the specific work of repositories.
Lido impresses both in the event and in the price.
Lido DAO Token ranked first in the top ten ranking of the most active DeFi projects by on-chain analytics firm Santiment last month. Crypto analyst BenGCrpypto shared the list of the top 10 DeFi projects by development event:
Top 10 DeFi altcoin projects by Development Activity in the last 30 days. Based on fundamentals such as development activity, there are many good projects with moderate market value. LDO, Uniswap (UNI), Osmosis (OSMO), Balancer (BAL), e-Radix (EXRD), Centrifuge (CFG), Synthetix (SNX), Maker (MKR), and UMA (UMA).
According to official documents, Lido is a liquid staking solution for Ethereum and allows users to stake their ETH while participating in on-chain activities with no minimum deposit or infrastructure maintenance. Furthermore, the Lido DAO token ranks 29th among the most significant market cap cryptocurrencies with a market cap of over $2.29 billion, according to data from market monitoring site CoinMarketCap. The cryptocurrency is trading at $2.68, with around 20% growth in the last 24 hours. Transaction volume also increased by more than 140% compared to the previous day.
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