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Lido fundamentals shine even as the wider crypto market struggles to regain traction

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cointelegraph.com

The crypto market has witnessed a turbulent few weeks after the FTX collapse but Lido Finance, a liquid staking protocol, has been a bright spot amidst the chaos.

According to Data from DeFiLlama, Lido protocol has earned $1 million or more in fees daily since October 26. Lido fees and revenue over time.

Lido has collected over $1M in fees every day since October 26th pic.twitter.com/GHkzSzYIOoLet’s analyze the on-chain fundamentals to see why this trend has continued.

Lido’s growth started in May 2021, pre-FTX collapse. The fees reached an all-time high on Nov. 10 as fee revenue nearly topped $2.6 million.

Read more on cointelegraph.com
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