Japanese companies introduced the Metaverse Economic Zone

Last week's sell-off in US equities eased on Monday. In cryptocurrencies, Bitcoin and Ethereum are down 0.33% and 0.46% respectively in the last 24 hours. Today's hot token is LDO, which posted a 24-hour return of 4.0% and outperformed the market due to increased ETH staking on Lido.

Industry dynamics are always changing

LDO is the largest ETH liquid staking protocol and native token of the market leader Lido protocol. ETH staking has created more excitement as the Ethereum Shanghai upgrade is on the horizon. Lido is the biggest beneficiary witnessing the largest daily staking entries with more than 150,000 ETH staked, with the majority of new stakers coming from liquid staking protocols as seen in the accompanying chart, pointing to increased staking activity recently. Interestingly, a feature called Staking Rate Limit, designed as a mechanism to respond to large stock inflows against potential side effects such as reward dilution, without the need to pause stock deposits, was triggered after the spike in staking.

A group of leading Japanese companies join hands to create a Japan Metaverse Economic Zone. Since most member firms are financial services giants, member firms will share their advantages in technology and resources, especially in the fintech area. Open metaverse infrastructure, knowledge dissemination, marketing, work style reform, etc. It aims to integrate various metaverse platforms, serving as a new social infrastructure for