Leading cryptocurrency exchange Coinbase recently announced that it has officially added the Stader (SD) token to its coin listing roadmap. This announcement created great excitement within the community and once again highlighted the significant impact exchange listings have on cryptocurrencies.

Coinbase's decision to list the Stader (SD) token has led to a notable increase in the token's value in the volatile crypto market. As the main cryptocurrency of the Stader Labs platform, SD plays an important role in governance and transaction payments within the ecosystem.

Following Coinbase's announcement, the Stader (SD) token experienced a significant rise, with its price reaching as high as $0.8507. Although there was a partial decline in price with the subsequent sell-off, the token continued its impressive performance and was trading at $0.614 at the time of writing — representing an increase of over 51% on a daily basis.

This news increased trading volume for Stader, with 24-hour trading volume rising 643% to $9.87 million. With 41 million SD tokens in circulation, Stader's market cap reached approximately $25 million, demonstrating the importance of Coinbase's support on crypto market dynamics and investor interest.

Stader is not limited to just Coinbase listing. For example, the platform's ETHx token became a major player when it received approval for staking on EigenLayer in December 2023. This step aims to maximize rewards for ETHx holders and improve the staking experience. Additionally, Stader integrated Chainlink CCIP into both the Ethereum and Arbitrum mainnets in June; This increases the adoption of ETHx in the DeFi ecosystem.

According to Token Terminal data, Stader's current Total Value Locked (TVL) stands at $474.74 million, which is down from a peak of $706.84 million on March 13. However, the inclusion of Coinbase in the roadmap re-establishes investor confidence and points to Stader's potential for further growth. This move is seen as an important step in Stader's future growth and acceptance.

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