Lido's LDO token experienced a 7.65% price increase on December 25, driven by a significant 690% year-on-year growth in development activity. According to on-chain data from Chain Broker, LDO generated $14.3 million in weekly fees, highlighting its strong performance in a weak market. This surge reflects growing interest in protocols with robust fundamentals. Despite the positive momentum, technical indicators for LDO remain mixed. The token faces potential challenges with support near $0.51, which could be at risk due to leveraged positions. The market's response underscores the importance of development activity in driving token value.