Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    NewsCrypto

    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert

    According to news sources, Coinbase is set to expand its derivatives platform…

    By
    Jane Omada Apeh
    May 30, 2025
    image 30 May 2025 12 40 50
    CryptoMarketNews
    Pi Coin Faces Crucial Weeks as Technical Indicators Flash Red
    May 30, 2025
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    NewsBitcoinCrypto
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    May 30, 2025
    Bybit MiCAR license
    NewsCryptoMarket
    Bybit Expands into Europe with MiCAR License and Vienna Headquarters
    May 30, 2025
    Ethereum ETF Inflows Surge to $71M, Will ETH Price Follow to $2,900?
    NewsCryptoEthereumMarket
    Ethereum ETF Inflows Surge to $71M, Will ETH Price Follow to $2,900?
    May 30, 2025
  • Cryptocurrency
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    7 Min Read
    image 30 May 2025 12 40 50
    Pi Coin Faces Crucial Weeks as Technical Indicators Flash Red
    3 Min Read
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    5 Min Read
    Bybit MiCAR license
    Bybit Expands into Europe with MiCAR License and Vienna Headquarters
    6 Min Read
    Ethereum ETF Inflows Surge to $71M, Will ETH Price Follow to $2,900?
    Ethereum ETF Inflows Surge to $71M, Will ETH Price Follow to $2,900?
    7 Min Read
    image 297
    Updated List: 5 Top New Meme Coins to Buy and Hold for Long Term — Last Hours of Stage 6 for a 191.6% Rising Presale
    8 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Lido Finance Achieves Profitability as LDO Token Surges by 82% in 30 Days
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > Crypto > Lido Finance Achieves Profitability as LDO Token Surges by 82% in 30 Days
CryptoMarketNews

Lido Finance Achieves Profitability as LDO Token Surges by 82% in 30 Days

Lido Finance is profitability and the surge of its LDO token. The image features the Lido Finance logo prom
Alessia Moretti
Last updated: December 18, 2024 9:52 am
By
Alessia Moretti
Published December 18, 2024
3 Min Read
Share

Lido Finance, a decentralized protocol introducing the concept of liquid staking, has reached a significant milestone in its fourth year of operation. For the first time, the platform has reported a net profit of $5 million, with $99 million in revenue and $94 million in costs for 2024. This marks the first profitable period in Lido’s history, as reported by crypto advisory firm Steakhouse Financial.

Contents
Ethereum Price Drives ProfitabilityFocus on Ethereum and DecentralizationLDO Token PerformanceA Bright Future for Lido Finance

Ethereum Price Drives Profitability

According to Steakhouse Financial’s founder Adrian Vasiljevic, Lido’s profitability aligns closely with the rise in Ethereum (ETH) prices. ETH has surged 67% since the start of 2024, climbing from $2,350 to over $4,000. This significant price increase has been a major driver of Lido’s revenue growth.

The growing interest in liquid staking services among both retail and institutional investors has further fueled this growth. As of January, the total locked ETH in Lido’s protocol increased by 5%, reaching 9.81 million ETH. Lido’s stETH product remains highly popular, allowing users to maintain liquidity while staking their ETH.

Focus on Ethereum and Decentralization

In a strategic move, Lido Finance has ended its services on the Polygon POS network to focus entirely on the Ethereum ecosystem. This decision followed discussions on the Lido DAO forum and a governance vote involving LDO token holders. Lido’s team cited scalability challenges on Polygon as a key factor behind this shift.

Additionally, Lido has launched a community staking module enabling users to operate as node operators on the Ethereum mainnet without requiring permission. This innovation strengthens Lido’s commitment to decentralization.

LDO Token Performance

Lido’s native token, LDO, has surged by 82% over the past 30 days, reaching $2.11. However, the token experienced a 7.7% drop in the last 24 hours, bringing its market capitalization to $1.9 billion. This strong performance reflects the growing demand for Ethereum staking and Lido’s expanding market influence.

A Bright Future for Lido Finance

Lido’s profitability milestone underscores the rising demand for Ethereum staking services and the platform’s ability to adapt to market dynamics. As Lido continues to diversify its growth strategies, it remains a dominant player in the liquid staking market.

For the latest updates on cryptocurrency trends and developments, stay tuned to Dey There.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Can Blockchain Fix Education? Exploring Its Impact on K-12 Systems and Credential Verification

Russia to Launch Digital Asset Platform for Emerging Markets

Were You Left Out of the Goatseus Maximus Buzz? Don’t Miss BTFD Coin’s Incredible Offer!

Apple Warns Crypto Users: Update Now or Risk Losing Your Assets

Best Cryptos to Join in November 2024: The Ultimate List of Must-Have Coins Before They Surge!

TAGGED:Ethereum stakingLDO tokenLido Financeliquid staking

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByAlessia Moretti
Alessia Moretti is a blockchain and cryptocurrency analyst with 7 years of experience in the field. With a strong foundation in economics and a passion for technology, Alessia has been involved in a variety of international blockchain projects, focusing on the development of decentralized applications and financial products. Her work is characterized by a deep understanding of both the technical and economic aspects of blockchain technology. At DT NEWS, Alessia provides readers with in-depth analysis of global blockchain trends and market movements, helping them stay informed about the future of digital finance.
Previous Article Bitfinex Predicts Bitcoin to Surge to $200K by 2025 Bitfinex Predicts Bitcoin to Surge to $200K by 2025
Next Article Binance Australia Faces Major Lawsuit Over Client Protections Binance Australia Faces Major Lawsuit Over Client Protections
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English
  • Português (Portuguese)