Lido wstETH (WSTETH) Self Reported Market Capitalization Achieves $14.28 Billion

Lido wstETH (WSTETH) traded 2.3% higher against the US dollar during the 1 day period ending at 14:00 PM Eastern on May 27th. During the last seven days, Lido wstETH has traded 25.7% higher against the US dollar. One Lido wstETH token can now be purchased for $4,585.12 or 0.06549204 BTC on major exchanges. Lido wstETH has a total market cap of $14.28 billion and $40.35 million worth of Lido wstETH was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

  • KILT Protocol (KILT) traded 4.7% lower against the dollar and now trades at $0.28 or 0.00000402 BTC.
  • Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
  • CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
  • Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
  • Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
  • Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded flat against the dollar and now trades at $0.0098 or 0.00000014 BTC.
  • AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Lido wstETH Token Profile

Lido wstETH launched on December 16th, 2020. Lido wstETH’s total supply is 3,114,012 tokens. The official website for Lido wstETH is www.lido.fi. Lido wstETH’s official Twitter account is @lidofinance.

According to CryptoCompare, “An ERC20 token that represents the account’s share of the total supply of stETH tokens. WstETH token’s balance only changes on transfers, unlike StETH that is also changed when oracles report staking rewards and penalties. It’s a “power user” token for DeFi protocols which don’t support rebasable tokens.

The contract is also a trustless wrapper that accepts stETH tokens and mints wstETH in return. Then the user unwraps, the contract burns user’s wstETH and sends user locked stETH in return.

The contract provides the staking shortcut: user can send ETH with regular transfer and get wstETH in return. The contract will send ETH to Lido submit method, staking it and wrapping the received stETH.”

Lido wstETH Token Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Lido wstETH directly using U.S. dollars. Investors seeking to acquire Lido wstETH should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Lido wstETH using one of the exchanges listed above.

Receive News & Updates for Lido wstETH Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Lido wstETH and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.