SD (Stader) rose 42.47% in the last 24 hours.
Gate News Bot news, August 26, according to CoinMarketCap data, as of the time of publication, SD (Stader) is currently priced at 0.95 USD, having risen 42.47% in the last 24 hours, reaching a high of 1.12 USD and a low of 0.64 USD. The current market capitalization is approximately 50.6 million USD, an increase of 15.1 million USD compared to yesterday.
Stader is a non-custodial, smart contract-driven staking platform that enables the discovery and use of staking solutions for various Proof of Stake (PoS) networks. It serves as a crucial staking middleware infrastructure for retail cryptocurrency users, exchanges, and custodians. Stader allows users to stake any amount of tokens and earn staking rewards while receiving liquidity tokens in return. These liquidity tokens can be utilized across more than 40 DeFi protocols. Stader has been audited and secured by leading blockchain experts to ensure asset safety.
Recent important news about SD:
1️⃣ The overall recovery of the crypto market drives the rise of SD Recently, the cryptocurrency market has shown an overall warming trend, with the prices of several mainstream coins rising. As an important staking platform token, SD has benefited from the improvement in market sentiment, resulting in a significant rise in price.
2️⃣ Increased staking demand drives SD token value With the development of multiple public chain ecosystems, user demand for staking services continues to rise. Stader, as a cross-chain staking solution provider, sees the value of its SD token increase.
3️⃣ DeFi ecosystem activity rise The activity level of the DeFi market has recently increased, and Stader, as an important DeFi infrastructure, has seen more attention on its SD token. Users can utilize the liquidity tokens provided by Stader across more than 40 DeFi protocols, a benefit that is particularly pronounced in the current market environment.
From a technical perspective, the SD price has broken through recent resistance levels, showing a strong rise in the short term. However, considering the potential for pullback pressure after a rapid rise, investors should remain vigilant about price volatility risks.
This message does not constitute investment advice; investors should be aware of market volatility risks.