Lido Finance: What soaring monthly users mean for you

As of press time, this number had crossed 14,000. So, what has been the impact on network fees?Most of the notable spikes occurred between March and May this year, in the lead-up to and following the activation of ETH withdrawals. During these spikes, fees on theFurthermore, an examination of the Total Value Locked chart on the network showed increased activity. Between October and November, the TVL had surged by over $2 billion. Also, as of this writing, the figure was over $16.8 billion.

While the price of its token, LDO, could contribute to the growing TVL, user activity played a significant role as well.concluded the previous week on a positive note. The week ended with a 2% increase in value, and LDO was trading above $2. However, the new week began with a slight loss, which persisted as of press time, with a minor loss of less than 1%. But despite these recent setbacks, trend lines suggested that LDO was in a bullish trend.

Additionally, both the short and long Moving Averages were acting as support at different price levels at the time of publication.Adewale is a full-time journalist at AMBCrypto. While he is increasingly fascinating by the world of blockchain and cryptocurrencies, Adewale holds a degree in International Relations. Besides working on insightful articles that touch upon the crypto-space's hottest issues, he finds joy in supporting Manchester United and Afrobeat music.

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