Potential ETH investors have every reason to bet on stETH this fiscal quarter

Over the past month, Lido’s Betting on ETH I managed to trade above Ethereum. This development can be attributed to the success of the merger. This has also increased investor interest in stETH due to a sense of lower risk and lower uncertainty surrounding future POS rewards.

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Here AMBCryptos Lido Staked Ether Price Prediction for the year 2022-2023.

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As can be seen from the image below, after merging was steth It has been observed to outperform Ethereum in terms of price. Although both origins are seeing price drops, the fact that stETH was trading above ETH raised a lot of eyebrows.

Source: feeling

One of the reasons for this growth can be attributed to the influx of bulls who entered the market to support them steth. Adding these bulls to the market may have a positive impact on stETH.

Source: IntoTheBlock

In addition, another indicator of stETH growth can be seen from the growth of Curve’s liquidity pool. curveThe second largest DeFi exchange, it has one of the largest liquidity of the exchanges of the ETH-stETH pairs. As shown in the image below, liquidity has grown exponentially after the merger and has continued to grow over time.

Source: IntoTheBlock

Here comes noon

However, some negative developments were recorded. Transaction volume has decreased in the last month. alone toog As the volume of transactions decreased, so did the average transaction volume Fall in September.

Source: IntoTheBlock

according to IntoTheBlockThe number of active addresses has also decreased by 56.18% in the past seven days. The number of new addresses added to the network also decreased by 67.35% over the same time period.

Although the growth path of stETH He had a few hiccups Over the past month, that hasn’t stopped Lido from collaborating with a host of different protocols. Lido cooperated with protocols, such as Beethoven X And the stabilizer So that users can get more value from ETH.

Epic “Choice”

Valar has also shown great interest in Lido and its development and According to WhaleStats. LDO was among the top 10 tokens purchased by Ethereum Whales. additional, at the time of publication, steth It was trading at $1,296.46 and lost its parity from ETH by 0.15%. Its market value decreased by 0.71%, but its volume increased by 36.48%.

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