The native token powering the crypto staking platform Lido is up 10% over the past 24 hours, and currently changes hands at around $0.68. Despite strong weekly gains, the token is 96% down from its all-time high of $18.62.
CRV, the token behind the decentralized exchange Curve, has also shown positive price movement over the past 24 hours. The 70th-largest cryptocurrency has a market capitalization of $543 million and is up 5% over the same period of time, reports CoinMarketCap.
Ethereum on-chain activity
The primary reasons behind today’s bullish action are improved on-chain activity and the bullish price movement of Ethereum.
Total transactions on Ethereum have increased by 2% to 1.19 million, over the past 24 hours, suggests data from Etherscan.