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.
Additionally, over the past six months, Lido has experienced exceptional growth in staking, boasting a remarkable 65% increase in staked ETH. In comparison, the closest competitor in the staking space only managed a 5% increase during the same period.was observed after the Shanghai upgrade, as the platform witnessed the highest staking netflow, surpassing an impressive 2 million ETH. This starkly contrasts with the nearest competitor, who recorded a netflow of approximately 500,000 ETH.
A closer examination of the TVL revealed a substantial increase of approximately $3 billion between May and July.
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