stETH (Lido Staked ETH) rose 7.12% in the last 24 hours

Gate News Bot news, October 27th, according to CoinMarketCap data, as of the time of writing, stETH (Lido Staked ETH) is currently priced at $4225.69, with a rise of 7.12% in the last 24 hours, reaching a high of $4243.39 and a low of $3727.81. The 24-hour volume has reached $40.30 million. The current market capitalization is approximately $36.299 billion, an increase of $2.413 billion compared to yesterday.

Lido Staked ETH (stETH) is the leading liquid staking token on Ethereum, offering top-notch security, the deepest liquidity, and competitive returns. Since 2020, over $4.363 billion in staking rewards have been paid out. stETH can be traded on secondary markets, used as collateral for lending, or re-staked. Currently, there are over 100 ecosystem integrations, with more than $4 million invested in security audits, bug bounties, and expert reviews.

Important news about stETH recently:

1️⃣ Liquidity staking demand continues to rise As the Ethereum ecosystem continues to develop, stETH, as a leading liquid staking solution, is attracting more and more users to participate. Its high security, deep liquidity, and competitive return rates are the main factors driving the rise in demand.

2️⃣ The number of ecosystem integrations has exceeded 100 The application of stETH in the DeFi space is continuously expanding, with over 100 projects currently integrated with it. This extensive ecosystem support not only increases the use cases of stETH but also enhances its value as collateral and trading asset.

3️⃣ Security investment continues to increase The Lido protocol places a high emphasis on the security of stETH, having invested over $4 million in security audits, bug bounty programs, and expert reviews. This ongoing investment in security has enhanced investor confidence and may be one of the important factors driving the recent price rise.

From a technical perspective, the stETH price has broken through the 4200 USD mark, showing strong pump momentum. However, investors still need to closely monitor the overall market trend and assess potential correction risks.

This message is not intended as investment advice; investors should be aware of market volatility risks.