Lido DAO Token Surpasses Top Blockchains in Development Activity

  • Lido DAO token got more development activities than DOT and AVAX networks.
  • Cardano blockchain led last week with over 530 development activities.
  • Lido DAO’s trading volume increased by over 53% in the past 24 hours.

The Lido DAO token has surpassed popular blockchains, such as Polkadot (DOT), and its pre-production network, Kusama (KSM), to become the most active crypto network in terms of daily GitHub development activity.

According to a top-ten list by a tracking account on Twitter today, the Lido DAO token network saw more development activities than the Polkadot and Avalanche (AVAX) networks in the past 24 hours. Other less popular networks, such as Cosmos, Internet Computer, and Filecoin, also featured on the ranking.

The Cardano blockchain took the lead in the hierarchy of most crypto projects in the past week, with over 530 development activities. Notably, development activity is a metric measuring the continuous actions in a project’s public GitHub repositories, excluding private works of repositories.

In another top ten ranking of DeFi projects with the most activities in the past month by on-chain analytic firm Santiment, the Lido DAO token also clinched the first position. 

According to official documentation, Lido is a liquid staking solution for Ethereum, letting users stake their ETH with no minimum deposits or infrastructure maintenance while participating in on-chain activities.

Furthermore, the Lido DAO token has a market share of over $2 billion, ranking 30 among coins with the most significant market cap, per data from the market tracking site, CoinMarketCap. The coin trades at $2.47, with over 17% growth in the last 24 hours. Its trading volume also increased by over 53% compared to the previous day.

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