SD's price declined roughly

↘6%

over the past day as

Stader Labs switched its redemption process

for discontinued products, though SD outpaced similar DeFi assets by roughly

↗12%

over the past month.

Trading activity rises amid price decline

The number of people trading SD rose roughly

↗33%

over the past 24 hours with more buyers than sellers (1.27-to-1 ratio), while the protocol holds approximately 24 times more locked value than its market valuation.

Weekly price movement and peer comparison

SD's price declined roughly

↘12%

over the past week and traded near its 24-hour low as of the latest snapshot, though it outperformed similar DeFi assets over the past month.

Broader market shows selling pressure

Across the broader market, long position closures outpaced short closures by roughly 3.4-to-1 over the past 24 hours, indicating widespread selling pressure among leveraged buyers.