Price of Lido Finance’s Native Token Jumps 20% Ahead of The Merge

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The price of the native token of the liquid staking platform Lido Finance (LDO) has recently increased by more than 20% in a week.

We should note that the largest share in the trading turnover of tokens belongs to Binance with more than 28% or $13.9 million over the past day in pairs with USDT.

However, the LDO price is at levels around 74% below its August 2021 high, when the asset hit $7.3.

Lido Finance allows users to earn by staking tokens like Ethereum, Polygon and Polkadot.

The most popular asset in the service is Ethereum. Instead of coins locked in the Beacon Chain, users receive stETH tokens that can be used in other DeFi protocols.