- Kaiko recently tweeted that RPL has outperformed BTC, ETH, and LDO since Shapella.
- However, RPL’s price has dropped more than 9% over the last 24 hours.
- LDO is currently ranked as the 31st biggest crypto project while RPL is ranked at number 54.
The blockchain intelligence platform Kaiko (@KaikoData) tweeted this morning that Rocket Pool (RPL) has not only outperformed Bitcoin (BTC) and Ethereum (ETH) since the launch of the Shapella Fork, but has also outperformed Lido DAO (LDO), its closest rival.
The analytics platform also added that Rocket Pool’s Atlas upgrade would allow for smaller 8 ETH staking nodes, which may potentially increase its market share. This will also potentially allow it to catch up to its rival Lido, which is currently the market leader of liquid staking protocols.
RPL’s price is trading at $54.09 at press time following a 9.67% decrease over the last 24 hours according to CoinMarketCap. During this time, the altcoin has also weakened against BTC and ETH by 8.40% and 9.25% respectively. Despite the negative price performance over the last 24 hours, RPL’s weekly performance remains in the green at over 13%.
Meanwhile, LDO’s price has fallen 1.60% over the last 24 hours to trade at $2.49 at press time. Similar to RPL, LDO has also weakened against BTC and ETH over the last 24 hours. Currently, LDO is down 0.01% against BTC and 0.99% against ETH.
LDO’s market cap is estimated to be $2,170,530,284 at press time, which ranks the leading liquid staking protocol at number 31 on CoinMarketCap’s list of the biggest crypto projects in terms of market cap. Meanwhile, RPL is ranked number 54 on the list, with a market cap of $1,051,685,151.
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