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So far in Q3, Lido sellers have exerted market dominance. Recently, the $1.7 hurdle has offered market re-entries for sellers.

Lido DAO (LDO), the driving force behind the revolutionary liquid staking protocol for Ethereum (ETH), has displayed an impressive 7.41% ascent in its Total Value Locked (TVL) over the course of the last seven days. This robust surge in TVL has positioned Lido Finance as a prominent contender in the decentralized finance (DeFi) landscape, illustrating its resilience amidst a fluctuating market.

Bears extended their dominance as price sunk to the $1.5 price zone. Where will Lido head next?

Amid ETH's price volatility, its deposit on Lido climbed in the last week, resulting in an uptick in the protocol's TVL.

The Lido staking derivative, stETH, is close to reaching 33%, but Lido itself operates only 16% of the staking nodes.

In a bold and strategic move aimed at revolutionizing its native LDO token's functionality and ensuring the long-term financial health of the platform, Lido, a prominent player in the Ethereum staking sphere, has unveiled a groundbreaking proposal. Spearheaded by an active Lido community member who goes by the pseudonym Lidomaxi, this ingenious plan introduces an intriguing staking mechanism that offers participants a direct stake in the platform's anticipated earnings.

In a groundbreaking move set to revolutionize the world of cryptocurrency, Ethereum staking provider Lido has unveiled an ingenious proposal that could reshape the way we perceive and engage with digital assets. The proposal, revealed on May 17 through Lido's governance forum, aims to augment the value of its native LDO token by offering token holders an unprecedented opportunity.

Lido is preparing to release the remaining 0.88% of its previously-locked tokens to investors on 25 August. This will bring LDO's circulating supply closer to its 1 billion total supply peak.

The sum of 40,000 ETH has been committed by Mantle as a gift to Lido from the vault.

Layer 2 network Mantle has staked 40,000 ether (ETH) on staking protocol Lido after it passed a governance vote on treasury management earlier this month.

This week, the spotlight is on three major crypto projects: Avalanche, Lido, and Yield Guild Games, as they prepare to unlock a combined value of more than $120 million in tokens.

The circulating supply of various projects' tokens is expected to be impacted by a number of significant token unlocks this week.

According to Ember, 9 hours ago, a giant whale/organization address transferred 1,168,596 UNIs and 1,149,453 LDOs to Coinbase Prime.

This week, Avalanche will unlock $100 million worth of AVAX tokens. In total, more than $120 million worth of crypto tokens will be introduced in circulation throughout the week.

Research by The Tie show coins tend to drop in the days leading up to the unlock.

Staking is still a relatively new phenomenon in the world of virtual currencies. And also many individuals are still not familiar with its advantages. While blockchains like Ethereum have their importance in the industry, the need for faster alternatives continues to exist.

Keeping in mind the security aspect, Lido Finance decided to embrace ZK Technology to ease the user experience from a safety perspective. While this may rejoice LDO investors, that wasn't all as LDO had more to offer.

Since May, Lido DAO token has traded between the $1.57 and $2.56 levels, the mid-range mark at $2.07 was also a notable level.

Lido just registered its highest TVL in its history, indicating a healthy long-term outlook. Conversely, LDO's price action indicates good news for short-term holders.

Lido failed to clear its range-high ($1.95) during 7-10 August recovery, setting sellers to seek re-entry. Will short sellers seek more ground?

Lido price action was stuck in the lower price range amidst weak BTC.

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.