Lido wstETH (WSTETH) 24 Hour Volume Reaches $23.59 Million

Lido wstETH (WSTETH) traded 2.3% higher against the U.S. dollar during the twenty-four hour period ending at 13:00 PM ET on March 19th. One Lido wstETH token can now be bought for approximately $2,025.80 or 0.07246259 BTC on major cryptocurrency exchanges. Lido wstETH has a market cap of $948.41 million and approximately $23.59 million worth of Lido wstETH was traded on exchanges in the last 24 hours. During the last week, Lido wstETH has traded 21% higher against the U.S. dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded down 6.4% against the dollar and now trades at $0.40 or 0.00001439 BTC.
• Aidi Finance (BSC) (AIDI) traded down 0% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 1.3% higher against the dollar and now trades at $0.0687 or 0.00000245 BTC.
• CareCoin (CARES) traded 1.3% higher against the dollar and now trades at $0.0853 or 0.00000304 BTC.
• OmniaVerse (OMNIA) traded 9.1% higher against the dollar and now trades at $0.0012 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded up 1.3% against the dollar and now trades at $102.01 or 0.00364078 BTC.
• FEG Token (FEG) traded up 1.3% against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded up 0.4% against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded up 1.3% against the dollar and now trades at $7,414.21 or 0.26462452 BTC.
• Lego Coin (LEGO) traded down 7.9% against the dollar and now trades at $0.0165 or 0.00000059 BTC.

About Lido wstETH

Lido wstETH launched on December 16th, 2020. Lido wstETH’s total supply is 646,650 tokens. Lido wstETH’s official website 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 buy alternative cryptocurrencies such as Lido wstETH directly using U.S. dollars. Investors seeking to trade Lido wstETH should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Lido wstETH using one of the aforementioned exchanges.

WSTETH/USD price chart by TradingView