Ethereum markets defi Trading Ethereum 2.0

Lido fundamentals shine even as the wider crypto market struggles to regain traction

Reading now: 721

The crypto market has witnessed a turbulent few weeks after the FTX collapse but Lido Finance, a liquid staking protocol, has been a bright spot amidst the chaos.

According to Data from DeFiLlama, Lido protocol has earned $1 million or more in fees daily since October 26. Lido fees and revenue over time.

Lido has collected over $1M in fees every day since October 26th’s analyze the on-chain fundamentals to see why this trend has continued.

Lido’s growth started in May 2021, pre-FTX collapse. The fees reached an all-time high on Nov. 10 as fee revenue nearly topped $2.6 million.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News