LDO price rose roughly
↗11%
over the past month while the
protocol's H1 report showed outstanding supply declined
↘1.8%
.
Supply reduction program active
The protocol's buyback program
uses revenue to purchase LDO when certain conditions are met, supporting the supply contraction noted in the latest report.
Trading activity declining
Trading volume declined roughly
↘35%
over the past week while more people sold than bought over the past 24 hours, with sellers outnumbering buyers by approximately 1.8 to 1.
Locked value holding steady
Approximately $23.9B remains locked in the protocol as of the latest snapshot while trading costs stayed near neutral with the current funding rate at 0.000074.
Ownership concentrated among major holders
The top 10 wallet addresses hold approximately 65% of circulating supply as of the latest snapshot, indicating concentrated ownership.