A Look Into The Lido Onchain Activity And Its Simple DVT Module

A Look Into The Lido Onchain Activity And Its Simple DVT Module
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Ethereum deposited on the beacon chain through the Lido middleware has been constant near the average of 9,330,000.
Lido Dao provides staking infrastructure to various networks, especially the liquid staking of Ethereum. It allows users to stake Ethereum and get stETH in return. The native token LDO is used as a governance token for the Lido Dao. The Lido ecosystem has shown significant growth in network activity. Lets have a look at its ecosystem.
Steady Dominance Of Lido In Market Share

Source: Dune Analytics
Lido has a 28.8% share in the Ethereum deposited to the beacon chain as of April 21st. The overall ETH staked through the Lido middleware is around 9,333,652. Meanwhile, the overall staking user APR is around 3.42%. The swap rate of the stETH:ETH as per the Curve Protocol is 0.9995.
Lido TVL has also observed a decline of $6 Billion since its peak from the high of $38 Billion on March 12th, 2024. Since then, token liquidity of the protocol steadil

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