Lido Takes Over as the Largest DeFi Protocol; FTX Japan Plans Return of Assets to Customers

Daily Top Mover — Lido DAO (LDO)

Major U.S. equity indices rebounded briefly before market close last Friday, rounding off the day with slight decreases. Looking forward, the first trading week of 2023 features the highly-anticipated December job reports coming Friday, with the spotlight shining on the unemployment rate and labor participation ratio. Meanwhile, the broader cryptocurrency market mildly rebounded over the weekend, and the momentum continues into the new week, with Bitcoin and Ether up 0.52% and 1.14%, respectively, in the past 24 hours. The top mover for today, LDO, which registered a 24-hour return of 13.96% as of the time of writing, has outperformed the market as it takes over from MakerDAO as the largest DeFi protocol in terms of TVL.