SD's steady
↗7.5%
weekly climb is outpacing the broader market as the
liquid staking protocol continues attracting funds.
Strength building across multiple timeframes
Price gains of roughly
↗7.5%
over the past week, approximately
↗3.3%
over the past 24 hours, and outperformance versus both the broader market and DeFi category all point to strengthening momentum. The protocol's strong fundamentals add further support to the positive picture.
Outpacing the broader market
SD climbed roughly
↗3.3%
over the past 24 hours while the broader market gained approximately
↗2.3%
over the same period, showing relative strength. Over the past week, gains reached roughly
↗7.5%
, and the monthly performance sits at approximately
↗4.3%
, demonstrating steady upward movement.
Strong usage relative to market value
The platform holds approximately $376.7M in total value locked, significantly exceeding its market cap by a wide margin. This indicates strong real-world usage of the liquid staking platform, with investors actively depositing funds to earn rewards through the protocol's staking services.