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Lido had some ups and downs in the month. But in August, Lido plans to go ahead with new developments.

More than 10,000 new stakers joined Lido (LDO) in July, according to the latest report from the liquid staking protocol, indicating its continued adoption and growth despite the current market situation.

In July 2023, the Lido protocol, a prominent Ethereum staking platform, showcased significant advancements in its performance and collaborations. It is important to know that the Total Value Locked (TVL) in Lido surpassed the $15 billion mark, a threshold not witnessed since May 2022.

The largest staking service provider also crossed $15 billion in total value locked, a level not seen since May 2022.

Lido Finance, the forerunner of the liquid staking derivatives market, has demonstrated its project's growing strength and influence within the

Oxorio has completed a thorough and independent audit of Lido, a decentralized staking and liquid staking solution. The audit report, accessible for public review, highlights all the issues detected by Oxorio to ensure the integrity and security of Lido's smart contracts and underlying infrastructure of its V2 upgrade.

Ethereum-based Liquid Staking Derivatives (LSD) protocol Lido DAO (LDO) has released its performance report for the month of July, showcasing some of its impressive milestones following the Shapella Upgrade. As contained in the Lido report, its total value locked (TVL) surged to a high of $15 billion in July, a level it has not recorded since May 2022.

Lido DAO (LDO) has reached a critical juncture as it gears up for its final cliff unlock scheduled for August 25, 2023. This milestone will bring an additional 8.5 million tokens into circulation, pushing the total circulating supply to 1 billion.

Key Points: Lido has achieved a significant milestone as the total value locked (TVL) in its platform crossed the $15 billion mark for the first time since May 2022. This remarkable achievement reflects the growing confidence and participation of the crypto community in Lido's offerings.

Lido claims to have experienced "remarkable adoption of the protocol" with more than 10,000 new stakers using it in July.

Lido will inject 8.82 million tokens into the market on 25 August as a part of its final cliff unlock.

Despite the slowdown in the cryptocurrency market in Q3, Lido has managed to maintain its lead on the ETH staking front. Additionally, with a slight recovery on the price front, LDO bulls may finally be ready to take over.

Whales are starting to accumulate various tokens across the crypto sector in an attempt to diversify their portfolio. NFT, Lending and Liquid Staking tokens have become key areas of focus.

Lido's stETH and wstETH are overtaking plain ETH and wETH in defi dapps.

Weakening BTC has emboldened Lido short-sellers to seek more gains. Here's where more gains could suffice if the weakening persists.

The wave of new users and continuous dominance of the liquid staking landscape has not been enough to spark a positive trend in the price of Lido Finance's LDO this year.

LDO holders currently hold the keys to the bank, which could put the Lido Finance's staking community at a disadvantage.

BeInCrypto looks at the five biggest crypto losers in the entire crypto market this week, specifically from July 14 to 21.

The $2 support level remained critical for Lido despite the ongoing clashes between the bulls and the bears. However, where will LDO head next?

In the second quarter of 2023, Bitcoin (CRYPTO: BTC) demonstrated a strong performance, gaining market dominance over altcoins, according to a report. Despite the crypto market experiencing a downturn, Bitcoin and Ethereum (CRYPTO: ETH) continued to build on their gains from the first quarter.

Often compared to replacing an airplane engine while in flight, the overhaul of Ethereum's consensus mechanism from proof-of-work to proof-of-stake — without downtime — was no small feat.

Bitcoin (CRYPTO: BTC) traded lower, but the cryptocurrency prices remained above the $30,000 level on Monday. Ethereum (CRYPTO: ETH) also moved lower, falling below the key $2,000 mark this morning.

One crypto trader earned $427,000 in profits within a month after buying the native tokens of major decentralized finance(DeFi) projects, including Uniswap's UNI, Lido's LDO, and Aave's AAVE.

Lido's TVL is now at $7.76 billion. But why is this such an important observation?