LDO lost 9% on August 1, erasing part of the over 30% gains recorded in July. The protocol’s TVL dropped by $414 million in a single day to $17.573 billion, but this decline fits a 31-day pattern marked by average daily inflows of $104.74 million. Token holder income reached a record $2.08 million in July through buybacks, while daily fees held steady at $1.2 million, indicating sustained demand despite the price slide. Daily active users reached 2,900, signaling continued underlying utility of the protocol.
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