Despite Lido Finance's increase in value and on-chain volume, the sentiment surrounding its native token LDO has been largely negative due to concerns about decentralization and governance. However, LDO has maintained high social dominance and Ethereum's liquid staking protocol has maintained its top spot in Total Value Locked. The V2 upgrade has also increased confidence, but Lido Finance's development activity has decreased. The daily on-chain transaction volume in profit to loss ratio is high, indicating market participants have made more profits than losses.
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