Increase in Lido’s stETH has not reflected an uptick in new token holders thus concluding deposits are from existing investors.
The value of the LDO token had dropped approximately 10 percent in the last 24 hours to trade around $1.91 on Friday.
The transition of the Ethereum (ETH) network from a Proof-of-Work (PoW) consensus mechanism to a Proof-of-Stake (PoS) method has significantly decentralized the network. Previously, an Ethereum validator needed to purchase a complete mining rig or invest in a mining pool rig to earn passively from the network.
The hustle was largely criticized since it only favored the whale miners who could afford to update their mining hash rate power frequently to match up with the ever-rising difficulty. 
However, the Ethereum staking program through the beacon chain has significantly simplified the economics of network validators. Moreover, any ETH investor can become a validator by staking a minimum of 32 Ethers and earning passively.
The game is fur

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