Ahead of the Big Shanghai Upgrade, Lido DAO Is Surging

One of the more volatile cryptocurrencies on investors' watchlists this year has to be Lido DAO (CRYPTO: LDO). The LDO tokens ascribed to this liquid staking protocol for Ethereum (CRYPTO: ETH) have surged more than 140% on a year-to-date basis, driven in part by the highly anticipated upcoming Shanghai upgrade for the Ethereum network. This move appears to be a recovery rally, following a decline of around 15% last week tied to concerns raised by Galaxy Digital around the upcoming proposal set to allow for withdrawals of Lido Staked Ether (CRYPTO: STETH) from the liquid staking protocol.