Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Lido tops the fee charts after its staking success, but there may be a problem!
ALTCOIN NEWS

Lido tops the fee charts after its staking success, but there may be a problem!

By Crypto FlexsJune 22, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Lido tops the fee charts after its staking success, but there may be a problem!
Share
Facebook Twitter LinkedIn Pinterest Email
  • Lido earned the highest fees compared to other protocols.
  • As the network grows, LDO prices also fall significantly.

Lido (LDO) has been one of the most dominant protocols in the staking space. But despite this, the protocol and its tokens were not as popular as other networks in the cryptocurrency industry.

Lido surpasses them all

According to the latest data, Lido generates the highest fees among all cryptocurrency applications. This surge in fees coming from Lido suggests that network activity is relatively high and users are consistently using this platform for staking services.

Source: X

However, if you look at Lido’s performance last week, you can see a mixed picture. Total Value Locked (TVL) decreased slightly by 1.70% to $35.39 billion due to a slight decline in ETH price, but there were some positive indicators as well.

For example, Lido continues to attract stakers, with a net increase of 19,392 ETH staked, representing an increase of 0.26%. This means that the total amount of ETH staked on the platform is 9,513,384 ETH.

Source: Sand Analysis

Additionally, the 7-day moving average (7d MA) for stETH’s Annual Percentage Rate (APR) showed a positive trend, rising 0.09% to hit 3.27%. This means that staking rewards for Lido users could potentially be higher.

Rather, trading activity showed a cooldown, with the 7-day trading volume of wrapped stETH (wstETH) decreasing by 19.7% compared to the previous week. This brought it to a value of $1.03 billion on the charts.

Source: Lido

Looking at the data

Interestingly, the data also revealed movement within the Lido ecosystem. The total amount of wstETH bridged to Layer 2 (L2) solutions decreased by 2.86% to 136,893 wstETH, while the amount bridged to Cosmos saw the smallest decrease of 0.16% over the past 7 days.

At press time, LDO was trading at $2.18, down 4.11% in price over the past 24 hours. During the same period, LDO trading volume also decreased by 34.57%. Moreover, network growth around LDOs has decreased significantly, meaning that new addresses are losing interest in LDOs.


Realistic or not, the market cap of LDO in BTC terms is:


That said, the overall number of addresses holding LDOs has continued to increase over the past few days. This can be interpreted as a signal that tokens are accumulating on a smaller scale despite price fluctuations.

Source: Santiment

Next: zkSync Airdrop Challenge – Can we overcome the 38% drop?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025
Add A Comment

Comments are closed.

Recent Posts

Saylor tells MRBAST to buy Bitcoin even after pause the BTC purchase.

October 7, 2025

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 2025

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025

Unity modifies mobile games and password wallets that threaten important vulnerability.

October 6, 2025

BitDigital becomes the first public Etherrium for distributing unsecured leverage -details -Details

October 6, 2025

Cango Inc. Announces September 2025 Bitcoin Production And Mining Operations Update

October 6, 2025

Cake Eyes 60% Rally Pancake WAP

October 5, 2025

Bitcoin Pullback — ETFs Drive Capital Flows, Altcoins Like SOL And XRP Boost Investor Returns

October 5, 2025

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Saylor tells MRBAST to buy Bitcoin even after pause the BTC purchase.

October 7, 2025

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 2025
Most Popular

Ripple Vs. SEC Litigation: Latest Filing Begins End to Historic Battle

May 22, 2024

Ethereum altcoins that have witnessed high whale interest

March 8, 2024

Franklin Templeton takes the first steps toward a spot Ethereum ETF with a new SEC filing.

February 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.