Lido wstETH (WSTETH) One Day Volume Hits $31.44 Million

Lido wstETH (WSTETH) traded up 5% against the dollar during the twenty-four hour period ending at 20:00 PM Eastern on January 25th. Lido wstETH has a market capitalization of $948.41 million and approximately $31.44 million worth of Lido wstETH was traded on exchanges in the last day. Over the last seven days, Lido wstETH has traded 6.7% higher against the dollar. One Lido wstETH token can currently be bought for about $1,785.88 or 0.07690633 BTC on major exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded up 3.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 3.7% higher against the dollar and now trades at $0.0611 or 0.00000264 BTC.
• CareCoin (CARES) traded 3.7% higher against the dollar and now trades at $0.0759 or 0.00000328 BTC.
• OmniaVerse (OMNIA) traded 8.8% lower against the dollar and now trades at $0.0018 or 0.00000008 BTC.
• Kitty Inu (KITTY) traded up 3.7% against the dollar and now trades at $93.95 or 0.00406323 BTC.
• Lunar (LNR) traded 2.6% lower against the dollar and now trades at $0.0278 or 0.00000120 BTC.
• Hokkaidu Inu (HOKK) traded 11.6% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• QANplatform (QANX) traded 3.7% higher against the dollar and now trades at $6,594.55 or 0.28520853 BTC.
• 2G Carbon Coin (2GCC) traded 0.3% higher against the dollar and now trades at $135.76 or 0.00587151 BTC.
• Lego Coin (LEGO) traded down 3.7% against the dollar and now trades at $0.0406 or 0.00000175 BTC.

Lido wstETH Profile

Lido wstETH was first traded on December 16th, 2020. Lido wstETH’s total supply is 646,650 tokens. The official website for Lido wstETH 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.”

Buying and Selling Lido wstETH

It is usually not possible to buy alternative cryptocurrencies such as Lido wstETH directly using U.S. dollars. Investors seeking to acquire Lido wstETH should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Lido wstETH using one of the aforementioned exchanges.