Lido DAO [LDO] attracted strong market attention on the 11th of May as broader crypto markets remained subdued.

According to CoinMarketCap, LDO surged over 8.85% in 24 hours and traded near $0.438 at press time.

The rally outperformed major assets like Bitcoin [BTC], Ethereum [ETH], and Solana [SOL], which posted modest gains.

The gain outpaced major crypto assets like Bitcoin [BTC], Ethereum [ETH], and Solana [SOL], which rose 0.30%, 0.35%, and 1.50%, respectively.

Why are traders turning bullish on LDO?

Not only did the price show strong upward momentum, but traders and investors also appeared highly interested in the trend.

This was reflected in Trading Volume, which surged more than 190% to $120 million during the same period.

In…