Lido Finance surpasses Ethereum in feeearnings,reflecting its dominance in the staked ETH
market and its potential impact onEthereum’sprice.
Points
- LidoFinancegenerated$20.8millioninfeesinasingleweek,surpassingEthereum.
- Lido’stotalvaluelocked（TVL）isover$33.4billion,commandinga29%marketshareinstakedETH.
- Despiterobustfeegeneration,ETH’spricehasdroppedrecently.
- PositivesignsincludeincreasedwstETHbridgedtoLayer2networksandaslightriseinwstETHdepositedinlendingpools.
- Thegrowthinstakingindicateslong-termconfidenceinETH’spotential.
Over the pastmonth,Lido Finance accumulated$20.8million in fees within a singleweek,surpassing the fees collected byEthereum,which amounted to$19.8million during the sametimeframe.This accomplishment positioned Lido Finance as thesecond-highestfee earner in the cryptocurrency sector for thatweek,trailing only behindTron,which earned$33.7million.
LidoFinance’smomentum persisted throughout themonth.Intotal,Lido generated$98million infees,marking an8%increase compared to the previousmonth.This robust fee generation is largely attributable toLido’sdominance in the staked ETHmarket.At the time ofwriting,Lido held over$33.4billion in total stakedassets,commanding a29%market share in stakedETH.
Lido’stotal value locked（TVL）rose by1.36%thisweek,reaching$33.48billion.This surge was fueled by a wave of new ETH stakingdeposits,with95,616net new ETH staked through Lido in the past sevendays.
While the7-daystETH APR dipped slightly by0.04%to2.96%,there were positive signselsewhere.Wrapped stETH（wstETH）bridged to Layer2networks saw a significant rise of7.19%,bringing the total to141,586wstETH.Arbitrum held the majority with65,290wstETH,followed by Optimism at27,879wstETH.
There was also a slight increase in wstETH deposited in lending pools and liquiditypools,reaching2.70million stETH and83.5kstETHrespectively.wstETH bridged to Cosmos networks saw a smalluptick,reaching1,788wstETH,up2.12%in the pastweek.
Nonetheless,the7-daytrading volume for（w）stETHdipped7.25%compared to the previousweek,totaling$1.23billion.Scroll saw a significant increase inwstETH,up86.26%,while other networks likeBase,Polygon,Linea,and zkSync Era experienced minordeclines.
The growth and popularity of the Lido protocol suggest that users are increasingly interested in stakingETH.AlthoughETH’sprice may be stagnating at themoment,the surge in staking indicates that existing users believe in thelong-termpotential ofETH.
解説
- LidoFinance’simpressivefeeearningshighlightitssignificantroleinthestakedETHmarketanditspotentialimpactonEthereum’secosystem.
- TheincreaseinTVLandstakingactivityreflectslong-termconfidenceinEthereum’spotential,despiteshort-termpricefluctuations.
- BridgingwstETHtoLayer2networksandincreasingdepositsinlendingpoolsenhanceEthereum’sliquidityandusability.
- MonitoringLido’sperformanceandstakingtrendscanprovidevaluableinsightsintoEthereum’sfuturemarketmovementsandadoption.