Ethereum's new upgrade has a positive impact on Liquid Staking Protocols. Activity on Rocket Pool and Lido increases as prices start to surge.
It remains to be seen whether the problems faced by the Lido Protocol would impact the progress of the LDO token.At press time, the LDO tokens’ velocity surged, along with their price. This showed that the frequency with which LDO was being traded rose. However, the network growth of the token showed decline, suggesting that new addresses were not interested in buying the token at press time.
Rocket Pool’s native token RPL saw the same trajectory in terms of network growth and velocity. It needs to be seen whether the correlation between RPL and LDO correlation will continue in the future.
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