Lido wstETH (WSTETH) Self Reported Market Capitalization Achieves $12.13 Billion

Lido wstETH (WSTETH) traded up 1% against the dollar during the 1-day period ending at 9:00 AM E.T. on December 31st. One Lido wstETH token can now be purchased for about $3,671.79 or 0.04132563 BTC on cryptocurrency exchanges. Lido wstETH has a total market cap of $12.13 billion and $11.85 million worth of Lido wstETH was traded on exchanges in the last day. Over the last seven days, Lido wstETH has traded 2.5% higher against the dollar.

Here’s how related cryptocurrencies have performed over the last day:

• 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 down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded up 0.8% against the dollar and now trades at $88,630.33 or 0.99752516 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.2% higher against the dollar and now trades at $88,059.06 or 0.99682024 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Lido wstETH Profile

Lido wstETH was first traded on December 16th, 2020. Lido wstETH’s total supply is 3,302,929 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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Lido wstETH using one of the exchanges listed above.

WSTETH/USD price chart by TradingView