Lido Flexes Past Rocket Pool as LDO Pops 17% and Volume Rockets to $100M – Degens Betting on $0.33 to Hold Like Their Life Depends On It

Lido DAO [LDO] has been showing price strength since the proposed buyback program in March came to a dramatic end, and apparently someone forgot to tell the market it was supposed to stop pumping.

At press time, the LDO price has surged over 17% in the past 24 hours, with trading volume jumping 129% to reach $100 million – because apparently degens decided that Lido was the only token worth touching in this market, and they're not letting go without a fight.

Notably, activity and tightening of supply are also increasing. Aggressive buys, as indicated by the daily trading volume spike, drove the rally – because when you're betting on Ethereum's favorite staking provider, you don't do it with pocket change.

The DAO has grown significantly, with Lido Finance surpassing Rocket Pool to become Ethereum's top permissionless staking solution. The number of active validators has now surpassed 100, slightly ahead of Rocket Pool's count – because sometimes you just have to leave your rival eating dust, even in the decentralized wilderness.

Through a vote, the DAO passed their second buyback program proposal for LDO tokens. The plan involves acquiring LDO worth 10,000 ETH in 1,000 ETH increments – because apparently buying back your own token is the new "we definitely have a product roadmap" move that Wall Street wishes it invented.

Transfer Amount rose from 11.77 million LDO to 48.59 million LDO – more than a 4x increase in 24 hours. Transfer Count nearly tripled from 641 to 1841 – because apparently moving tokens around is the new cardio, and wallets everywhere are getting their steps in.

Currently, LDO is the largest permissionless staking solution for ETH in terms of active validators and ETH market cap. Its staked ETH market cap was $22.44 billion, followed by Kelp DAO and Rocket Pool at